Korn Ferry (KFY)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 247,007 | 247,664 | 185,153 | 169,154 | 151,459 | 103,635 | 178,887 | 209,529 | 253,699 | 326,553 | 328,784 | 326,360 | 300,886 | 268,104 | 220,110 | 114,454 | 47,462 | 16,136 | 31,162 | 104,946 |
| 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 |
| ROA | 6.77% | 7.02% | 5.37% | 4.60% | 4.26% | 3.08% | 5.40% | 5.86% | 7.45% | 10.01% | 10.26% | 9.42% | 9.02% | 8.60% | 7.48% | 3.74% | 1.66% | 0.60% | 1.19% | 3.82% |
January 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $247,007K ÷ $3,649,660K
= 6.77%
The analysis of Korn Ferry’s return on assets (ROA) over the specified period reveals notable fluctuations and trends. Initially, at the end of April 2020, the ROA stood at 3.82%, which experienced a significant decline by July 2020 to 1.19%. This downward movement continued through October 2020, reaching approximately 0.60%, indicating a period of reduced profitability relative to the company’s asset base.
Toward the end of January 2021, the ROA rebounded modestly to 1.66%. A more pronounced recovery was observed by April 2021, with ROA increasing to 3.74%, and further strengthening occurred during the second half of 2021, with ROA rising to 7.48% by July and 8.60% by October. The impressive upward trajectory persisted into early 2022, with ROA reaching 9.02% at the end of January 2022, and then marginally increasing to 9.42% in April 2022. The peak levels were observed in the latter half of 2022, with ROA surpassing 10% in July (10.26%) and remaining near that level in October (10.01%).
Starting in early 2023, a decline in ROA is evident; it decreased to 7.45% by January and further to 5.86% in April, with a continued downward trend into July at 5.40%. By October 2023, the ROA had fallen to 3.08%. In the subsequent period, the ratio experienced a modest recovery, increasing to 4.26% in January 2024 and 4.60% in April 2024. The upward trend continued through July 2024 at 5.37%, reaching 7.02% in October 2024. The most recent data as of January 2025 indicates a ROA of 6.77%, maintaining a level above the lows observed in late 2023.
Overall, the pattern suggests a period of strong asset utilization and profitability in 2021 and early 2022, followed by a decline beginning in 2023. The recent data indicates a partial recovery in late 2024 and early 2025, but the ROA remains below the peak levels seen in late 2021. This fluctuation may reflect changing market conditions, operational adjustments, or strategic shifts impacting the company’s efficiency in generating profits from its asset base.
Peer comparison
Jan 31, 2025