Robert Half International Inc (RHI)
Receivables 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 |
| Receivables | US$ in thousands | 772,285 | 885,401 | 893,467 | 861,450 | 860,872 | 941,121 | 974,008 | 1,009,190 | 1,018,290 | 1,101,300 | 1,091,600 | 1,071,610 | 984,691 | 1,005,630 | 907,947 | 799,673 | 714,163 | 690,259 | 665,409 | 853,529 |
| Receivables turnover | 7.51 | 6.66 | 6.72 | 7.17 | 7.45 | 7.09 | 7.12 | 7.09 | 7.12 | 6.61 | 6.56 | 6.42 | 6.56 | 5.96 | 6.03 | 6.25 | 7.16 | 7.74 | 8.58 | 7.17 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,802,240K ÷ $772,285K
= 7.51
The receivables turnover ratio of Robert Half International Inc over the past few quarters demonstrates a fluctuating trend. The ratio decreased from 7.17 in March 2020 to 6.03 in June 2021, indicating a longer period for the company to collect its accounts receivable during that time. However, there was a slight improvement as the ratio increased to 7.12 by June 2023, showing a quicker collection of receivables.
Overall, the average receivables turnover ratio for Robert Half International Inc appears to be around 7, suggesting that the company is able to convert its accounts receivables into cash approximately 7 times a year. An increasing trend in the ratio over time is generally favorable as it indicates more efficient management of receivables and better cash flow. Nonetheless, it is crucial to monitor the ratio closely to ensure timely collection of outstanding payments and a healthy liquidity position.
Peer comparison
Dec 31, 2024