Korn Ferry (KFY)
Total asset turnover
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,799,652 | 2,837,862 | 2,847,763 | 2,870,730 | 2,867,066 | 2,855,195 | 2,852,598 | 2,759,792 | 2,644,490 | 2,474,696 | 2,267,513 | 2,061,862 | 1,820,489 | 1,711,990 | 1,762,111 | 1,828,348 | 1,977,628 | 2,031,096 | 1,989,110 | 1,991,712 |
| Total assets | US$ in thousands | 3,678,870 | 3,556,320 | 3,360,960 | 3,313,470 | 3,574,440 | 3,406,190 | 3,261,740 | 3,204,080 | 3,464,550 | 3,336,100 | 3,117,490 | 2,942,480 | 3,056,530 | 2,863,470 | 2,692,640 | 2,618,100 | 2,743,830 | 2,739,650 | 2,486,280 | 2,406,560 |
| Total asset turnover | 0.76 | 0.80 | 0.85 | 0.87 | 0.80 | 0.84 | 0.87 | 0.86 | 0.76 | 0.74 | 0.73 | 0.70 | 0.60 | 0.60 | 0.65 | 0.70 | 0.72 | 0.74 | 0.80 | 0.83 |
April 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,799,652K ÷ $3,678,870K
= 0.76
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover generally indicates better asset utilization. Korn Ferry's total asset turnover has fluctuated over the past few years, ranging from 0.60 to 0.87.
From the data provided, we observe a decreasing trend in total asset turnover from the most recent value of 0.76 to a value of 0.87 about a year ago. This trend suggests a potential decline in the company's asset efficiency in generating sales revenue over time.
It is important to note that a single ratio value may not provide a complete picture of a company's financial performance. Additional analysis, in conjunction with other financial ratios and qualitative factors, would be necessary to gain a comprehensive understanding of Korn Ferry's financial health and operational efficiency.
Peer comparison
Apr 30, 2024