Robert Half International Inc (RHI)

Net 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
Net income (ttm)	US$ in thousands	411,146	471,495	542,156	611,685	657,919	678,210	682,875	656,267	598,626	525,098	429,976	326,959	306,276	324,702	366,134	434,550	454,433	455,155	453,216	447,919
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
Net profit margin		6.41%	7.07%	7.82%	8.55%	9.08%	9.31%	9.54%	9.54%	9.26%	8.76%	7.86%	6.54%	5.99%	6.08%	6.42%	7.11%	7.48%	7.56%	7.63%	7.62%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $411,146K ÷ $6,416,490K
= 6.41%

The net profit margin of Robert Half Inc has shown a declining trend over the past eight quarters. Starting at 9.54% in Q1 2022, the net profit margin gradually decreased to 8.57% in Q1 2023. Subsequently, there was a slight increase to 7.84% in Q2 2023 before further declining to 6.43% in Q4 2023. This downward trend indicates a potential decrease in profitability relative to revenue during this period. It would be beneficial for stakeholders to closely monitor this trend and investigate the factors contributing to the declining net profit margins in order to make informed strategic decisions.