Korn Ferry (KFY)
Total 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 |
| Total assets | US$ in thousands | 3,649,660 | 3,526,650 | 3,447,570 | 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 |
| Total asset turnover | 0.75 | 0.78 | 0.80 | 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 |
January 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,741,182K ÷ $3,649,660K
= 0.75
The total asset turnover ratio for Korn Ferry exhibits notable fluctuations over the analyzed period from April 2020 to October 2024. Initially, the ratio declined from 0.72 in April 2020 to a low of 0.60 by January 2021, indicating a decrease in sales generated per dollar of assets during that period. This downward trend continued into April 2021, with the ratio remaining stable at 0.60, suggesting limited efficiency in utilizing assets to generate revenue amid the early phases of the COVID-19 pandemic.
Subsequently, starting around July 2021, the ratio demonstrated a positive trajectory, rising to 0.73 in October 2021 and further increasing to 0.86 by July 2022. This upward movement signifies improved asset utilization, potentially driven by strategic operational efficiencies or increased revenue generation, as the company's performance rebounded during this period.
From July 2022 onward, the ratio stabilized at elevated levels, maintaining around 0.84 to 0.87 until October 2023, indicating a period of relative consistency in asset efficiency. Small fluctuations were observed thereafter, with the ratio slightly declining to 0.80 in April 2024 and then experiencing minor increases and decreases, ending at 0.75 in January 2025.
Overall, the trend of Korn Ferry’s total asset turnover suggests an initial decline during the early pandemic period, followed by a robust recovery and stabilization at higher efficiency levels. The observed fluctuations reflect the company's adaptation to changing market conditions and strategic realignments aimed at optimizing asset utilization over the analyzed timeframe.
Peer comparison
Jan 31, 2025