Robert Half International Inc (RHI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,648,440 | 6,015,950 | 6,176,920 | 5,718,940 | 4,838,840 |
| Inventory | US$ in thousands | — | 670,094 | 558,236 | 609,209 | 0 |
| Inventory turnover | — | 8.98 | 11.07 | 9.39 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,648,440K ÷ $—K
= —
Based on the provided data for Robert Half International Inc, the inventory turnover for the fiscal years ending on December 31, 2021, 2022, and 2023 were 9.39, 11.07, and 8.98, respectively.
Inventory turnover is a financial ratio that measures how efficiently a company is managing its inventory. A higher inventory turnover ratio generally indicates that a company is selling its products quickly and efficiently.
The trend in Robert Half International Inc's inventory turnover over the years shows an increase from 2021 to 2022, indicating an improvement in the company's inventory management efficiency. However, there was a slight decrease in inventory turnover in 2023.
It is important to note that a very high or very low inventory turnover ratio can have implications for the company's financial health. A high ratio may suggest stockouts, lost sales, or obsolete inventory, while a low ratio may indicate overstocking or poor sales.
Additionally, the absence of data for the fiscal years ending on December 31, 2020, and December 31, 2024, makes it difficult to assess the overall trend in Robert Half International Inc's inventory turnover during those periods.
Overall, the trend in the inventory turnover ratio for Robert Half International Inc indicates fluctuations in inventory management efficiency over the specified period, with the need for further analysis to understand the underlying factors driving these changes.
Peer comparison
Dec 31, 2024