Robert Half International Inc (RHI)

Receivables 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
Receivables	US$ in thousands	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	832,797	852,843	842,294	826,366
Receivables turnover		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	7.30	7.06	7.05	7.11

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,416,490K ÷ $860,872K
= 7.45

The receivables turnover ratio for Robert Half Inc has been relatively stable over the past eight quarters, ranging from 6.42 to 7.43 times. This ratio indicates that, on average, the company collects its accounts receivable approximately 6.42 to 7.43 times per year. A higher receivables turnover ratio is generally favorable as it suggests that the company is efficient in collecting payments from its customers.

The consistency in the receivables turnover ratio over the quarters indicates that Robert Half Inc has been effectively managing its accounts receivable and collecting payments in a timely manner. This could be attributed to the company's credit policies, collection procedures, and overall customer relationships.

Overall, the steady receivables turnover ratio for Robert Half Inc reflects a healthy financial performance in terms of managing its accounts receivable efficiently and effectively.