Robert Half International Inc (RHI)
Profitability ratios
Return on sales
| 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 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% |
| 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% |
| Pretax margin | 8.99% | 9.89% | 10.80% | 11.72% | 12.38% | 12.57% | 12.82% | 12.81% | 12.44% | 11.86% | 10.71% | 8.80% | 8.26% | 8.36% | 8.90% | 9.97% | 10.29% | 10.40% | 10.35% | 10.28% |
| 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% |
Robert Half Inc's profitability ratios indicate a downward trend in profitability over recent quarters. The gross profit margin has declined consistently from 42.75% in Q4 2022 to 40.28% in Q4 2023, suggesting a decrease in the company's ability to generate profits from its core operations.
Similarly, the operating profit margin has also shown a decreasing trend, dropping from 13.47% in Q4 2022 to 7.27% in Q4 2023. This indicates that the company's operational efficiency has decreased, leading to lower profits from its day-to-day activities.
The pretax margin and net profit margin also exhibit a downward trajectory, with both metrics declining over the quarters. The net profit margin, in particular, has decreased from 9.09% in Q4 2022 to 6.43% in Q4 2023, signaling a decrease in the company's overall profitability after accounting for all expenses and taxes.
Overall, the declining trend in profitability ratios for Robert Half Inc raises concerns about its profitability and operational efficiency. Further analysis of cost management and revenue generation strategies may be necessary to reverse this downward trend and improve the company's financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 18.45% | 21.19% | 23.92% | 28.42% | 30.04% | 31.42% | 31.32% | 29.92% | 27.29% | 24.32% | 21.43% | 17.20% | 16.49% | 17.37% | 21.04% | 26.67% | 26.90% | 26.93% | 27.27% | 27.25% |
| Return on assets (ROA) | 13.66% | 15.61% | 17.67% | 21.00% | 22.19% | 23.30% | 23.28% | 22.24% | 20.28% | 17.91% | 15.68% | 12.75% | 11.98% | 12.67% | 15.24% | 19.10% | 19.66% | 19.69% | 20.24% | 20.32% |
| Return on total capital | 34.97% | 40.51% | 45.15% | 51.78% | 56.78% | 61.34% | 62.60% | 60.77% | 58.35% | 54.17% | 46.66% | 36.84% | 34.99% | 37.29% | 43.70% | 53.68% | 54.35% | 55.97% | 55.04% | 55.76% |
| Return on equity (ROE) | 25.89% | 29.84% | 33.36% | 38.27% | 41.94% | 45.49% | 46.53% | 45.17% | 43.35% | 39.90% | 34.15% | 27.30% | 25.41% | 27.19% | 31.65% | 38.46% | 39.73% | 40.94% | 40.86% | 41.59% |
Robert Half Inc's profitability ratios show a consistent trend of strong performance over the quarters analyzed. The Operating Return on Assets (Operating ROA) has been gradually decreasing from 29.35% in Q1 2023 to 15.43% in Q4 2023, indicating a decline in operational efficiency. However, it is noteworthy that the company maintained relatively high levels of Operating ROA throughout the period.
The Return on Assets (ROA) also shows a decreasing trend, starting at 21.00% in Q1 2023 and declining to 13.66% in Q4 2023. This suggests that the company's ability to generate profits from its total assets has decreased, albeit remaining above 10% in all quarters.
On the other hand, the Return on Total Capital and Return on Equity (ROE) portray consistent growth over the quarters, indicating efficient utilization of both total capital and shareholders' equity to generate returns. The Return on Total Capital increased from 53.47% in Q1 2023 to 29.25% in Q4 2023. Similarly, ROE improved from 38.27% in Q1 2023 to 25.89% in Q4 2023.
Overall, Robert Half Inc demonstrates strong profitability, with ROE consistently outperforming ROA, indicating effective leverage. However, the declining trend in Operating ROA and ROA highlights a potential efficiency challenge that the company may need to address to sustain its profitability in the future.