Korn Ferry (KFY)
Working capital 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 |
| Total current assets | US$ in thousands | 1,750,140 | 1,674,160 | 1,638,670 | 1,759,970 | 1,487,130 |
| Total current liabilities | US$ in thousands | 955,598 | 934,519 | 976,260 | 984,225 | 750,070 |
| Working capital turnover | 3.48 | 3.78 | 4.32 | 3.41 | 2.47 |
April 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,761,090K ÷ ($1,750,140K – $955,598K)
= 3.48
The working capital turnover ratio for Korn Ferry demonstrates notable fluctuations over the specified period. As of April 30, 2021, the ratio stood at 2.47, reflecting the company's level of sales generated per dollar of working capital at that time. By April 30, 2022, the ratio increased to 3.41, indicating an improvement in the efficiency with which working capital is utilized to generate revenue. This growth continued into April 30, 2023, reaching a peak of 4.32, which suggests that Korn Ferry was able to significantly enhance its operational efficiency and manage its working capital more effectively during this period.
Subsequently, the ratio experienced a decline to 3.78 as of April 30, 2024, and further decreased to 3.48 by April 30, 2025. These decreases may imply a relative reduction in the efficiency of working capital utilization or possible changes in business operations, sales levels, or working capital management strategies.
Overall, the trend indicates periods of increasing efficiency culminating in a peak in 2023, followed by a slight moderation in 2024 and 2025. The fluctuations reflect Korn Ferry’s dynamic approach to managing working capital in relation to its sales performance over the examined timeframe.
Peer comparison
Apr 30, 2025