Korn Ferry (KFY)
Total 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 |
| Total assets | US$ in thousands | 3,678,870 | 3,574,440 | 3,464,550 | 3,056,530 | 2,743,830 |
| Total asset turnover | 0.76 | 0.80 | 0.76 | 0.60 | 0.72 |
April 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,799,650K ÷ $3,678,870K
= 0.76
The total asset turnover ratio for Korn Ferry has fluctuated over the past five years, ranging from 0.60 to 0.80. The ratio indicates how efficiently the company is generating sales revenue from its total assets. A higher ratio suggests that the company is using its assets more efficiently to generate sales.
In 2023 and 2021, the total asset turnover ratio was relatively higher at 0.80 and 0.72 respectively, indicating that Korn Ferry was able to generate more sales revenue per dollar of assets during those periods.
Conversely, in 2020, the total asset turnover ratio decreased to 0.72, suggesting a slight decrease in efficiency in generating sales from assets compared to the previous years.
Overall, the total asset turnover ratio for Korn Ferry has shown some variability over the years, indicating fluctuations in the company's ability to use its assets effectively to drive sales. Further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial performance.
Peer comparison
Apr 30, 2024