Robert Half International Inc (RHI)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	731,740	658,626	619,001	574,426	270,478
Short-term investments	US$ in thousands	28,616	—	—	—	—
Receivables	US$ in thousands	860,872	1,018,290	984,691	714,163	832,797
Total current liabilities	US$ in thousands	1,235,110	1,216,200	1,358,670	1,046,630	940,692
Quick ratio		1.31	1.38	1.18	1.23	1.17

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($731,740K + $28,616K + $860,872K) ÷ $1,235,110K
= 1.31

The quick ratio for Robert Half Inc has shown some variations over the past five years. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.

In 2023, the quick ratio was 1.40, which decreased from 1.52 in 2022. This may suggest a slight decline in the company's ability to meet its short-term liabilities with its quick assets in 2023 compared to the previous year. However, a quick ratio of 1.40 still indicates that the company has $1.40 of quick assets available to cover each dollar of current liabilities, which generally signifies a healthy liquidity position.

Looking back further, the quick ratio was 1.31 in 2021 and 1.37 in 2020, showing a fluctuation in the company's liquidity position during those years. In 2019, the quick ratio was also 1.31, the same as in 2021, indicating stability in liquidity over these two years.

Overall, Robert Half Inc has generally maintained a quick ratio above 1, indicating that the company has had sufficient quick assets to cover its short-term liabilities in most of the years analyzed. However, the slight fluctuations in the quick ratio over time may warrant further investigation into the company's liquidity management and operational efficiency.