Heidrick & Struggles International (HSII)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,115,676 | 1,092,180 | 1,077,261 | 1,068,161 | 1,041,182 | 1,022,461 | 1,012,836 | 1,040,168 | 1,083,586 | 1,132,110 | 1,139,154 | 1,099,280 | 1,008,474 | 883,468 | 762,654 | 649,254 | 629,370 | 651,832 | 693,849 | 724,187 |
| Property, plant and equipment | US$ in thousands | 51,685 | 53,508 | 48,434 | 40,452 | 35,752 | 34,034 | 33,330 | 32,517 | 30,207 | 29,317 | 27,294 | 27,162 | 27,085 | 20,939 | 22,682 | 22,373 | 23,492 | 26,740 | 28,577 | 28,450 |
| Fixed asset turnover | 21.59 | 20.41 | 22.24 | 26.41 | 29.12 | 30.04 | 30.39 | 31.99 | 35.87 | 38.62 | 41.74 | 40.47 | 37.23 | 42.19 | 33.62 | 29.02 | 26.79 | 24.38 | 24.28 | 25.45 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,115,676K ÷ $51,685K
= 21.59
The fixed asset turnover ratio for Heidrick & Struggles International has exhibited some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at a relatively high level of 25.45 in March 2020, indicating that the company generated $25.45 in revenue for every dollar invested in fixed assets.
There was a slight decrease in the ratio by June 2020 to 24.28, but it picked up again in the subsequent quarters, reaching its peak at 42.19 by September 30, 2021. This upturn suggests that the company was utilizing its fixed assets efficiently to drive revenue during this period.
However, the ratio began to decline after September 2021, with fluctuations in subsequent quarters. By December 31, 2024, the fixed asset turnover had decreased to 21.59, signaling a drop in the company's ability to generate revenue from its fixed assets compared to the peak period earlier.
Overall, while the fixed asset turnover ratio of Heidrick & Struggles International showed variability, it generally displayed efficient utilization of fixed assets to generate revenue during the analyzed period.
Peer comparison
Dec 31, 2024