Heidrick & Struggles International (HSII)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 725,614 | 731,932 | 737,755 | 747,271 |
| Total assets | US$ in thousands | 1,141,590 | 1,041,250 | 964,455 | 891,465 | 1,175,640 | 1,073,250 | 982,066 | 895,572 | 1,106,800 | 948,632 | 832,066 | 680,606 | 787,812 | 713,309 | 788,358 | 792,530 | 844,173 | 776,623 | 704,010 | 671,982 |
| Total asset turnover | 0.91 | 0.98 | 1.05 | 1.17 | 0.92 | 1.05 | 1.16 | 1.23 | 0.91 | 0.93 | 0.92 | 0.95 | 0.80 | 0.91 | 0.88 | 0.91 | 0.86 | 0.94 | 1.05 | 1.11 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,041,182K ÷ $1,141,590K
= 0.91
The total asset turnover for Heidrick & Struggles International, Inc. has fluctuated over the past eight quarters, ranging from 0.91 to 1.23.
In general, the total asset turnover ratio measures how efficiently a company is using its assets to generate revenue. A higher turnover ratio indicates that the company is generating more revenue per dollar of assets.
From the data provided, we can see that the total asset turnover has shown a declining trend in recent quarters, with a peak of 1.23 in Q1 2022 and a low of 0.91 in Q4 2023. This suggests that the company may be experiencing challenges in effectively utilizing its assets to generate revenue.
It is essential for Heidrick & Struggles International, Inc. to closely monitor and analyze the factors contributing to these fluctuations in total asset turnover to make informed strategic decisions aimed at improving operational efficiency and overall financial performance.
Peer comparison
Dec 31, 2023