Korn Ferry (KFY)
Receivables 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 |
| Receivables | US$ in thousands | 565,255 | 575,703 | 579,696 | 622,625 | 581,710 | 652,737 | 658,281 | 650,776 | 569,601 | 693,772 | 670,408 | 637,061 | 622,144 | 603,346 | 608,141 | 512,921 | 448,733 | 448,448 | 435,393 | 375,157 |
| Receivables turnover | 4.88 | 4.76 | 4.73 | 4.45 | 4.81 | 4.34 | 4.32 | 4.41 | 5.03 | 4.11 | 4.25 | 4.33 | 4.25 | 4.10 | 3.73 | 4.02 | 4.06 | 3.82 | 4.05 | 4.87 |
April 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,761,086K ÷ $565,255K
= 4.88
The receivables turnover ratio for Korn Ferry exhibits fluctuations over the analyzed period from July 2020 through April 2025. Initially, the ratio decreased from 4.87 in July 2020 to a low of approximately 3.73 in October 2021, indicating a period where the company took longer to collect its receivables. This decline could suggest deteriorating collection efficiency or changes in credit policies during this timeframe.
Subsequently, from October 2021 onward, the ratio shows a gradual upward trend, reaching 4.25 in April 2022 and further improving to a peak of 5.03 in April 2023. The increase signifies enhanced collection effectiveness and potentially tighter credit controls, leading to quicker receivables turnover.
After reaching the peak, the ratio stabilizes somewhat around the 4.4 to 4.7 range, with minor fluctuations. Notably, the latest data points in late 2024 and early 2025 indicate a continued trend of improvement, with the ratio rising to approximately 4.88 in April 2025. This progression suggests that Korn Ferry has been able to maintain or further enhance its receivables collection efficiency in recent periods.
Overall, the receivables turnover ratio demonstrates periods of initial decline followed by a sustained recovery and improvement, reflecting changes in the company's credit management practices, collection efficiency, or shifts in client payment behaviors over the analyzed timeframe.
Peer comparison
Apr 30, 2025