Robert Half International Inc (RHI)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	6,015,950	6,176,920	5,718,940	4,838,840	5,454,040
Inventory	US$ in thousands	670,094	558,236	609,209	0	0
Inventory turnover		8.98	11.07	9.39	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $6,015,950K ÷ $670,094K
= 8.98

To calculate the inventory turnover for Robert Half Inc, we need to use the formula: Inventory Turnover = Cost of Goods Sold / Average Inventory.

Given the data provided, we can see that the necessary figures (Cost of Goods Sold and Inventory) are not directly available in the table.

Inventory turnover is a crucial ratio that measures how many times a company sells and replaces its inventory over a specific period. A high inventory turnover ratio suggests efficient inventory management and quicker sales, while a low ratio may indicate overstocking or slow-moving inventory.

Without the exact values for Cost of Goods Sold and Inventory, we are unable to calculate and analyze Robert Half Inc's inventory turnover for the mentioned years. It is essential for the company to disclose this information for a more in-depth assessment of its inventory management efficiency.