Korn Ferry (KFY)
Fixed asset turnover
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,799,650 | 2,867,070 | 2,644,490 | 1,820,490 | 1,977,630 |
| Property, plant and equipment | US$ in thousands | 161,849 | 161,876 | 138,172 | 131,778 | 142,728 |
| Fixed asset turnover | 17.30 | 17.71 | 19.14 | 13.81 | 13.86 |
April 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,799,650K ÷ $161,849K
= 17.30
The fixed asset turnover ratio for Korn Ferry has shown a consistent trend of improvement over the past five years. The ratio, which measures the efficiency of the company in generating sales revenue from its investment in fixed assets, decreased from 13.86 in April 2020 to 13.81 in April 2021, but then steadily increased to 19.14 in April 2022, indicating a significant improvement in asset utilization.
However, the ratio then decreased slightly to 17.71 in April 2023 and further to 17.30 in April 2024. Despite these declines, the company has generally maintained a high level of fixed asset turnover over the years, suggesting that Korn Ferry effectively uses its fixed assets to generate sales.
Overall, Korn Ferry's fixed asset turnover ratio demonstrates a positive trend of efficiency in utilizing its fixed assets to drive sales, with some fluctuations in recent years.
Peer comparison
Apr 30, 2024