Korn Ferry (KFY)
Working capital 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 current assets | US$ in thousands | 1,674,160 | 1,544,710 | 1,421,540 | 1,366,610 | 1,638,670 | 1,613,430 | 1,480,360 | 1,497,290 | 1,759,970 | 1,667,750 | 1,549,240 | 1,366,930 | 1,487,130 | 1,315,590 | 1,170,890 | 1,093,280 | 1,237,080 | 1,197,130 | 1,049,500 | 975,123 |
| Total current liabilities | US$ in thousands | 934,519 | 842,641 | 764,119 | 655,791 | 976,260 | 856,347 | 755,175 | 686,054 | 984,225 | 851,151 | 697,069 | 583,538 | 750,070 | 635,410 | 558,911 | 491,331 | 624,207 | 560,391 | 450,465 | 411,653 |
| Working capital turnover | 3.79 | 4.04 | 4.33 | 4.04 | 4.33 | 3.77 | 3.93 | 3.40 | 3.41 | 3.03 | 2.66 | 2.63 | 2.47 | 2.52 | 2.88 | 3.04 | 3.23 | 3.19 | 3.32 | 3.53 |
April 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,799,652K ÷ ($1,674,160K – $934,519K)
= 3.79
The working capital turnover ratio for Korn Ferry has shown varying levels over the past few years, ranging from 2.47 to 4.33. This ratio measures the efficiency of the company in utilizing its working capital to generate sales. A higher ratio indicates that the company is efficiently managing its working capital to support revenue generation.
In the most recent period, the working capital turnover ratio was 3.79. This was lower compared to the previous quarter, where the ratio was 4.04. The lower ratio may suggest that Korn Ferry was less efficient in its working capital management during this period.
Looking back over the historical data, fluctuations in the working capital turnover ratio may indicate changes in the company's operational efficiency and liquidity management. Consistent monitoring of this ratio can help gauge the company's ability to efficiently utilize its working capital resources to drive sales and overall performance.
Peer comparison
Apr 30, 2024