Robert Half International Inc (RHI)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	2,575,004	2,709,887	2,856,557	3,011,935	3,094,049	3,119,121	3,056,839	2,906,164	2,696,029	2,466,252	2,208,271	1,959,934	2,012,611	2,135,130	2,314,062	2,534,116	2,525,129	2,508,330	2,472,520	2,443,049
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
Gross profit margin		40.13%	40.64%	41.20%	42.11%	42.70%	42.82%	42.69%	42.25%	41.72%	41.13%	40.35%	39.19%	39.38%	39.96%	40.55%	41.44%	41.54%	41.65%	41.65%	41.57%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,575,004K ÷ $6,416,490K
= 40.13%

Robert Half Inc's gross profit margin has shown some fluctuation over the past eight quarters, ranging from a high of 42.75% in Q4 2022 to a low of 40.28% in Q4 2023. Overall, the trend indicates a slight decline in the gross profit margin over this period. The company's gross profit margin peaked in the latter half of 2022 before gradually decreasing in the following quarters. This downward trend suggests that the company may be facing challenges in maintaining profitability on its sales or managing its cost of goods sold effectively. It is essential for Robert Half Inc to closely monitor its gross profit margin and take appropriate measures to improve efficiency and profitability in its operations.