Robert Half International Inc (RHI)
Operating 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 | ||
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Operating income (ttm) | US$ in thousands | 555,493 | 640,075 | 733,838 | 827,757 | 890,614 | 914,484 | 918,781 | 882,839 | 805,825 | 712,941 | 587,591 | 441,251 | 421,758 | 445,264 | 505,513 | 606,666 | 621,751 | 622,431 | 610,678 | 600,787 |
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 |
Operating profit margin | 8.66% | 9.60% | 10.58% | 11.57% | 12.29% | 12.55% | 12.83% | 12.84% | 12.47% | 11.89% | 10.74% | 8.82% | 8.25% | 8.33% | 8.86% | 9.92% | 10.23% | 10.34% | 10.29% | 10.22% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $555,493K ÷ $6,416,490K
= 8.66%
The operating profit margin of Robert Half Inc has shown a declining trend over the past eight quarters. In Q4 2023, the operating profit margin stood at 7.27%, which is lower compared to the previous quarter at 8.60%. This downward trend has been consistent since Q1 2022 when the operating profit margin was at its highest at 13.82%.
The company's profitability in terms of operating profit margin has been gradually decreasing, indicating that the company may be facing challenges in generating profits from its core operations. A lower operating profit margin could be a result of increased operating expenses, lower sales revenues, or inefficiencies in cost management.
It is essential for Robert Half Inc to closely monitor its operating profit margin and identify the factors contributing to the decline. By addressing underlying issues and implementing strategies to improve profitability, the company can work towards achieving a more sustainable operating profit margin in the future.
Peer comparison
Dec 31, 2023