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
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