Robert Half International Inc (RHI)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	411,146	657,919	598,626	306,276	454,433
Total assets	US$ in thousands	3,010,790	2,964,490	2,952,360	2,557,420	2,311,410
ROA		13.66%	22.19%	20.28%	11.98%	19.66%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $411,146K ÷ $3,010,790K
= 13.66%

To analyze Robert Half Inc's return on assets (ROA) over the past five years, we observe fluctuations in the metric. In 2023, the ROA decreased to 13.66% from 22.19% in 2022, indicating a decline in the company's ability to generate profit relative to its total assets. This may be a result of changes in profitability, asset management, or capital structure. The 2023 ROA is still higher than the 2019 and 2020 figures, but lower than the 2021 figure. This suggests some variability in the company's efficiency in generating profits from its assets over the years. Further analysis would be needed to understand the drivers behind these changes and to determine the sustainability of the company's ROA performance.