Robert Half International Inc (RHI)

Total 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
Total assets	US$ in thousands	3,010,790	3,021,050	3,067,640	2,912,130	2,964,490	2,910,580	2,933,840	2,950,770	2,952,360	2,931,720	2,741,370	2,565,170	2,557,420	2,563,090	2,402,380	2,274,850	2,311,410	2,311,570	2,239,420	2,204,610
Total asset turnover		2.13	2.21	2.26	2.46	2.44	2.50	2.44	2.33	2.19	2.05	2.00	1.95	2.00	2.08	2.38	2.69	2.63	2.61	2.65	2.67

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,416,490K ÷ $3,010,790K
= 2.13

Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It is calculated by dividing the total revenue by the average total assets.

Based on the data provided for Robert Half Inc from Q4 2022 to Q4 2023, we can observe fluctuations in the total asset turnover ratio. The ratio ranged from 2.12 to 2.50 during this period.

A total asset turnover ratio of 2.12 in Q4 2023 indicates that for every dollar of assets, Robert Half Inc generated $2.12 in revenue. This suggests that the company efficiently utilizes its assets to generate sales.

The highest total asset turnover ratio of 2.50 was observed in Q3 2022, indicating a peak in revenue generation relative to its assets. On the other hand, the lowest ratio of 2.12 in Q4 2023 may suggest a slight decrease in efficiency in converting assets into revenue.

Overall, Robert Half Inc has maintained a relatively high total asset turnover ratio throughout the period, indicating effective asset utilization and revenue generation. It is important for the company to continue monitoring and managing its asset turnover to sustain and improve its operational efficiency going forward.