Robert Half International Inc (RHI)
Total asset 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 |
| Total assets | US$ in thousands | 2,854,400 | 2,982,220 | 2,937,750 | 2,889,700 | 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 |
| Total asset turnover | 2.03 | 1.98 | 2.04 | 2.14 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,802,240K ÷ $2,854,400K
= 2.03
The total asset turnover ratio for Robert Half International Inc has fluctuated over the past few years, ranging from a high of 2.69 in March 2020 to a low of 1.98 in September 2024. This ratio measures the efficiency with which the company generates revenue relative to its total assets. A higher ratio indicates more efficient utilization of assets to generate sales.
The downward trend in the total asset turnover ratio from 2020 to 2024 may suggest that the company's ability to generate sales from its assets has decreased over time. However, it is worth noting that the ratio has shown some fluctuations in between, indicating possible business cycles or strategic changes that impacted asset utilization.
Overall, the average total asset turnover ratio for Robert Half International Inc during this period appears to be around 2.15, demonstrating a relatively consistent level of efficiency in utilizing its assets to generate sales. It is essential for the company to closely monitor this ratio and consider strategies to improve asset efficiency if necessary to enhance overall performance.
Peer comparison
Dec 31, 2024