Korn Ferry (KFY)
Fixed asset turnover
| 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 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,977,330 |
| 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 | 142,728 |
| 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 | 13.85 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,741,182K ÷ $—K
= —
The fixed asset turnover ratios for Korn Ferry over the specified periods indicate notable fluctuations that reflect shifts in operational efficiency relative to the company's fixed assets. The ratio measures how effectively fixed assets are employed to generate revenue, with higher values signifying greater efficiency.
Between April 30, 2020, and October 31, 2020, the ratio experienced a decline from 13.85 to 5.51, suggesting a significant reduction in revenue generated per fixed asset during this interval. This sharp decrease may be associated with operational disruptions, perhaps due to external factors such as market conditions or company-specific issues during that period.
From October 31, 2020, to January 31, 2021, the ratio increased modestly to 12.75, reflecting a recovery in asset utilization. This upward trend continued into April 30, 2021, reaching 13.81, almost returning to pre-2020 levels, indicating improved efficiency.
However, the ratio again declined during the July 31, 2021, measurement to 7.06 and further decreased by October 31, 2021, to 8.22. These fluctuations suggest possible operational adjustments or external market influences impacting asset productivity. The pace of recovery accelerated by January 31, 2022, when the ratio surged to 18.86, the highest in the observed period, implying that fixed assets were highly effective in generating revenue during that time.
Subsequent periods reveal a pattern of oscillation: the ratio declined again to 8.64 by April 30, 2022, but then increased significantly to 18.75 by July 31, 2022, indicating a temporary spike in efficiency. The ratio slipped to 9.36 at October 31, 2022, and then rose again to around 18.41 by January 31, 2023.
In the most recent available data (April 30, 2023, to October 31, 2023), the ratio remained relatively stable, fluctuating narrowly around 17.69 and 9.59, ending at 9.86. These figures suggest some volatility in asset productivity but generally maintain a level of efficiency consistent with earlier high points.
The absence of data beyond October 2023 signifies a lack of recent updates, preventing analysis of any ongoing trends. Overall, the fixed asset turnover for Korn Ferry displays periods of significant fluctuation, with peaks approaching near 19 and troughs near 5. The observed pattern could indicate variability in operational efficiency, investment levels, or service demand cycles impacting how fixed assets are utilized to generate revenue.
In summary, Korn Ferry’s fixed asset turnover ratios have demonstrated considerable swings over the examined periods, reflecting dynamic changes in asset efficiency that merit further investigation into underlying operational or strategic factors influencing these shifts.
Peer comparison
Jan 31, 2025