Korn Ferry (KFY)
Operating return on assets (Operating ROA)
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 346,322 | 329,645 | 301,280 | 236,620 | 217,338 | 202,032 | 164,678 | 261,509 | 316,340 | 382,512 | 496,289 | 480,418 | 470,074 | 417,573 | 356,438 | 300,834 | 155,784 | 91,759 | 58,199 | 71,896 |
| Total assets | US$ in thousands | 3,861,220 | 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 |
| Operating ROA | 8.97% | 9.03% | 8.54% | 6.86% | 5.91% | 5.68% | 4.90% | 7.89% | 8.85% | 11.23% | 15.22% | 14.99% | 13.57% | 12.52% | 11.43% | 10.22% | 5.10% | 3.20% | 2.16% | 2.75% |
April 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $346,322K ÷ $3,861,220K
= 8.97%
The operating return on assets (ROA) for Korn Ferry has exhibited significant fluctuations over the period analyzed. Starting at a relatively modest level of 2.75% as of July 31, 2020, the metric declined further to 2.16% by October 31, 2020. Subsequently, there was a notable recovery, with the operating ROA reaching 3.20% in January 2021 and then continuing to improve, culminating at 5.10% as of April 30, 2021. This upward trend accelerated markedly during the remainder of 2021, with the operating ROA increasing to 10.22% by July 31, 2021, and further rising to 11.43% by October 31, 2021. The positive momentum persisted into early 2022, as the ROA reached 12.52% in January and then continued an upward trajectory, peaking at 13.57% as of April 30, 2022. It maintained a generally high level throughout the latter half of 2022, with values such as 14.99% in July and 15.22% in October.
However, starting from January 2023, the operating ROA exhibited a declining trend, decreasing to 11.23%, then further down to 8.85% by April 2023, and continuing to decline to 7.89% in July 2023. The downward movement persisted into October 2023, where it reached 4.90%. There was a modest recovery thereafter, with the metric rising to 5.68% as of January 2024 and slightly increasing to 5.91% in April 2024, followed by another rise to 6.86% in July 2024. The latest data shows the operating ROA at 8.54% in October 2024 and approximately stable levels around 9% through January and April 2025, registering values of 9.03% and 8.97%, respectively.
Overall, the data indicates that Korn Ferry experienced substantial growth in operating efficiency and asset utilization from mid-2021 through early 2022, reaching peak profitability levels during this period. The subsequent decline starting in early 2023 suggests reduced operating performance or changes in asset utilization. The more recent figures point toward a partial recovery, although the operating ROA remains below its earlier peak levels, reflecting potential operational or market challenges.
Peer comparison
Apr 30, 2025