Robert Half International Inc (RHI)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	5,802,240	5,899,460	6,005,400	6,177,680	6,416,490	6,668,700	6,933,560	7,152,300	7,246,140	7,284,310	7,161,310	6,878,200	6,461,620	5,995,740	5,473,040	5,001,040	5,110,270	5,343,560	5,706,820	6,115,820
Property, plant and equipment	US$ in thousands	119,564	119,588	113,202	107,410	108,809	108,604	106,267	107,687	109,687	106,286	103,616	96,423	93,403	93,016	98,368	103,701	109,817	117,695	120,958	126,602
Fixed asset turnover		48.53	49.33	53.05	57.51	58.97	61.40	65.25	66.42	66.06	68.53	69.11	71.33	69.18	64.46	55.64	48.23	46.53	45.40	47.18	48.31

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,802,240K ÷ $119,564K
= 48.53

The fixed asset turnover ratio for Robert Half International Inc has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio started at a relatively high level of 48.31 on March 31, 2020, but gradually declined to 48.53 by December 31, 2024. This may indicate that the company's efficiency in generating revenue from its fixed assets has slightly decreased over the years.

However, it is worth noting that there have been fluctuations in the ratio during the period, reaching a peak of 71.33 on March 31, 2022, before declining again. This variability suggests that there may have been changes in the company's asset utilization or revenue generation strategies during this time.

Overall, while the fixed asset turnover ratio for Robert Half International Inc has shown a downward trend, it is important to consider other factors and ratios to gain a comprehensive understanding of the company's financial performance and efficiency in managing its fixed assets.