Heidrick & Struggles International (HSII)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,041,180 | 1,083,590 | 1,008,470 | 629,370 | 725,614 |
| Total assets | US$ in thousands | 1,141,590 | 1,175,640 | 1,106,800 | 787,812 | 844,173 |
| Total asset turnover | 0.91 | 0.92 | 0.91 | 0.80 | 0.86 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,041,180K ÷ $1,141,590K
= 0.91
The total asset turnover ratio for Heidrick & Struggles International, Inc. has been relatively consistent over the past five years, ranging between 0.80 and 0.92. This ratio indicates the company's efficiency in generating sales revenue in relation to its total assets. A higher total asset turnover ratio generally suggests that the company is effectively utilizing its assets to generate sales.
In the most recent year, 2023, the total asset turnover ratio was 0.91, showing a modest decline from the previous year's ratio of 0.92. While the decrease is minimal, it may indicate a slightly lower efficiency in utilizing assets to generate sales revenue. However, it is important to consider other factors such as industry norms and specific business strategies when interpreting this ratio.
Overall, Heidrick & Struggles International, Inc. has maintained a relatively stable total asset turnover ratio over the years, suggesting consistent efficiency in generating sales relative to its asset base.
Peer comparison
Dec 31, 2023