Robert Half International Inc (RHI)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	5,795,840	6,416,490	7,246,150	6,461,640	5,110,340
Property, plant and equipment	US$ in thousands	119,564	108,809	109,687	93,403	109,817
Fixed asset turnover		48.47	58.97	66.06	69.18	46.54

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,795,840K ÷ $119,564K
= 48.47

The fixed asset turnover ratio for Robert Half International Inc has shown a consistent upward trend over the past five years. In December 31, 2020, the ratio stood at 46.54 and increased to 69.18 by December 31, 2021. Subsequently, it slightly decreased to 66.06 by December 31, 2022 but remained relatively high. By December 31, 2023, the ratio declined further to 58.97, indicating a decrease in the efficiency of utilizing fixed assets to generate revenue. However, the ratio rebounded to 48.47 by December 31, 2024.

Overall, the company has displayed a strong ability to generate revenue from its fixed assets, with the ratio consistently staying at relatively high levels throughout the period under review. The fluctuations in the ratio may suggest changes in the company's asset utilization efficiency and productivity. Further analysis of the company's operational and investment activities could provide additional insights into the factors driving these fluctuations.