Korn Ferry (KFY)
Receivables turnover
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,761,090 | 2,795,500 | 2,863,840 | 2,643,460 | 1,819,950 |
| Receivables | US$ in thousands | 603,649 | 581,710 | 569,601 | 590,260 | 448,733 |
| Receivables turnover | 4.57 | 4.81 | 5.03 | 4.48 | 4.06 |
April 30, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,761,090K ÷ $603,649K
= 4.57
The receivables turnover ratio for Korn Ferry has exhibited fluctuations over the period from April 2021 to April 2025. Starting at 4.06 times in April 2021, there was an upward trend reaching 4.48 times in April 2022, indicating improved efficiency in collecting receivables during that year. The ratio continued to increase in April 2023 to 5.03 times, reflecting further enhancement in receivables management and potentially shorter collection periods.
However, subsequent years showed a slight decline from the peak in 2023. As of April 2024, the ratio decreased to 4.81 times, and by April 2025, it further declined to 4.57 times. Despite this decrease, the ratio remained higher than the levels observed in 2021, suggestive of an overall improved receivables management compared to the base year. The fluctuations may imply variations in collection efficiency, potentially influenced by shifts in client payment behavior or changes in credit policies.
Overall, the trend indicates that Korn Ferry has generally maintained a relatively efficient receivables collection process, with improvements peaking in 2023 before experiencing a modest decline but still remaining above initial levels. This pattern underscores an improving but somewhat volatile receivables management practice over the four-year span.
Peer comparison
Apr 30, 2025