Robert Half International Inc (RHI)

Fixed asset turnover

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue (ttm) US$ in thousands 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 6,078,200 6,022,480 5,936,540 5,877,170
Property, plant and equipment US$ in thousands 108,809 108,604 106,267 107,687 109,687 106,286 103,616 96,423 93,403 93,016 98,368 103,701 109,817 117,695 120,958 126,602 128,385 126,220 127,988 125,522
Fixed asset turnover 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 47.34 47.71 46.38 46.82

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,416,490K ÷ $108,809K
= 58.97

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.

Based on the data provided for Robert Half Inc, we can observe a consistent trend of decreasing fixed asset turnover over the quarters, with the ratio declining from 71.33 in Q1 2022 to 58.75 in Q4 2023. This downward trend could suggest a decrease in the company's efficiency in generating sales from its fixed assets over this period.

While the fixed asset turnover ratios for each individual quarter are relatively high, indicating strong asset utilization, the consistent decline over time may warrant further investigation into the company's asset management and operational efficiency. It is important for Robert Half Inc to monitor this trend and take necessary steps to improve its fixed asset turnover in order to optimize its asset utilization and overall operational performance.


Peer comparison

Dec 31, 2023