Korn Ferry (KFY)
Fixed asset turnover
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,761,086 | 2,741,182 | 2,741,517 | 2,772,004 | 2,795,505 | 2,833,706 | 2,843,678 | 2,866,950 | 2,863,836 | 2,852,715 | 2,850,826 | 2,758,505 | 2,643,455 | 2,473,846 | 2,266,770 | 2,061,161 | 1,819,946 | 1,711,528 | 1,761,627 | 1,828,015 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 288,436 | 298,921 | 161,876 | 154,983 | 304,578 | 147,117 | 305,906 | 131,198 | 275,680 | 291,997 | 131,778 | 134,226 | 136,035 | 331,538 |
| Fixed asset turnover | — | — | — | — | — | — | 9.86 | 9.59 | 17.69 | 18.41 | 9.36 | 18.75 | 8.64 | 18.86 | 8.22 | 7.06 | 13.81 | 12.75 | 12.95 | 5.51 |
April 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,761,086K ÷ $—K
= —
The fixed asset turnover for Korn Ferry exhibits significant fluctuations over the observed period from July 2020 through October 2023. Initially, the ratio was relatively low at 5.51 in July 2020, indicating that the company was generating a modest amount of revenue per dollar of fixed assets. This figure increased substantially to 12.95 by October 2020 and maintained elevated levels through January 2021 (12.75) and April 2021 (13.81), reflecting improved efficiency in utilizing fixed assets to generate revenue.
However, a notable decline occurred in July 2021, where the ratio dropped to 7.06, followed by a modest recovery to 8.22 in October 2021. In early 2022, the ratio surged sharply to 18.86 in January, reached a peak again at 18.75 in July 2022, before falling to 9.36 in October 2022. This pattern suggests periods of intense asset utilization efficiency, interspersed with declines possibly caused by shifts in operational strategies, asset base changes, or revenue generation efficiency.
From January 2023 onward, the ratio stabilizes around the high teens, with 18.41 in January, 17.69 in April, and a slight decrease to 9.59 in July 2023, followed by a marginal increase to 9.86 in October 2023. The data indicates that Korn Ferry experienced periods of heightened asset productivity, particularly in early 2022, which were followed by fluctuations possibly reflecting changes in asset deployment or revenue streams.
Overall, the fixed asset turnover ratio demonstrates a pattern of volatility, with periods of high efficiency followed by declines, highlighting dynamic operational conditions. The lack of data beyond October 2023 limits insights into subsequent performance. The substantial variability suggests that the company’s fixed asset utilization has been inconsistent, warranting further analysis to identify underlying causes such as strategic asset management, shifts in service offerings, or market conditions affecting revenue generation from fixed assets.
Peer comparison
Apr 30, 2025