Robert Half International Inc (RHI)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,575,000	3,094,050	2,696,030	2,012,610	2,525,130
Revenue	US$ in thousands	6,416,490	7,246,150	6,461,640	5,110,340	6,079,560
Gross profit margin		40.13%	42.70%	41.72%	39.38%	41.53%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,575,000K ÷ $6,416,490K
= 40.13%

The gross profit margin of Robert Half Inc has varied over the past five years. In 2023, the gross profit margin was 40.28%, which represents a decrease from the previous year's margin of 42.75% in 2022. Despite this decline, the gross profit margin in 2023 remains within a relatively stable range compared to the margins in 2021 and 2019, which were 41.72% and 41.66% respectively. In 2020, the gross profit margin was at its lowest point at 39.39%.

Overall, while there has been some fluctuation in the gross profit margin of Robert Half Inc over the years, it appears to have generally maintained within a reasonable range, indicating the company's ability to effectively manage its cost of goods sold and generate profit from its sales revenue.