Korn Ferry (KFY)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 329,645 | 308,091 | 243,431 | 224,149 | 208,843 | 218,937 | 315,768 | 370,599 | 436,771 | 496,289 | 480,418 | 470,074 | 417,573 | 356,438 | 300,834 | 155,784 | 91,759 | 58,199 | 71,896 | 176,025 |
| 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 |
| Operating ROA | 9.03% | 8.74% | 7.06% | 6.09% | 5.87% | 6.51% | 9.53% | 10.37% | 12.82% | 15.22% | 14.99% | 13.57% | 12.52% | 11.43% | 10.22% | 5.10% | 3.20% | 2.16% | 2.75% | 6.42% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $329,645K ÷ $3,649,660K
= 9.03%
The Operating Return on Assets (ROA) of Korn Ferry has experienced notable fluctuations over the analyzed period. Starting at 6.42% as of April 30, 2020, the metric decreased significantly to 2.75% by July 31, 2020, and further declined to 2.16% by October 31, 2020. In early 2021, a modest recovery was observed, with Operating ROA rising to 3.20% in January and then increasing more substantially to 5.10% by April 30, 2021.
The period from mid-2021 through early 2022 marked a pronounced upward trend, with Operating ROA reaching a peak of 15.22% as of October 31, 2022. This increase highlights an improvement in operational efficiency relative to asset utilization during this timeframe. The upward trajectory persisted into early 2023, with the figure attaining 12.82% on January 31, 2023.
Subsequently, a downward trend is evident, with Operating ROA falling to 10.37% in April 2023 and declining further to 6.51% by October 31, 2023. This suggests a contraction in operational profitability relative to assets during this period. The values continued to decrease into early 2024, reaching 5.87% in January, but showed modest signs of recovery thereafter, with figures rising to 6.09% in April 2024, 7.06% in July 2024, and reaching 8.74% by October 31, 2024. The most recent data for January 2025 indicates a further stabilization at 9.03%.
Overall, the Operating ROA exhibits a pattern characterized by an initial decline in 2020, a significant recovery culminating in late 2022, followed by a period of contraction in 2023, and subsequent gradual recovery into early 2025. These fluctuations reflect changes in Korn Ferry’s operational efficiency and asset utilization over the analyzed timeframe, influenced by external and internal factors affecting profitability.
Peer comparison
Jan 31, 2025