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