Robert Half International Inc (RHI)
Return on assets (ROA)
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 |
Total assets | US$ in thousands | 3,010,790 | 3,021,050 | 3,067,640 | 2,912,130 | 2,964,490 | 2,910,580 | 2,933,840 | 2,950,770 | 2,952,360 | 2,931,720 | 2,741,370 | 2,565,170 | 2,557,420 | 2,563,090 | 2,402,380 | 2,274,850 | 2,311,410 | 2,311,570 | 2,239,420 | 2,204,610 |
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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $411,146K ÷ $3,010,790K
= 13.66%
The return on assets (ROA) of Robert Half Inc has exhibited a declining trend over the past eight quarters, starting at 22.19% in Q4 2022 and decreasing to 13.66% in Q4 2023. This indicates that the company's ability to generate profits from its assets has weakened over time.
The ROA peaked at 23.30% in Q3 2022 but has since been on a consistent downward trajectory. The most recent ROA of 13.66% in Q4 2023 reflects a significant decrease compared to the previous quarters.
The declining ROA suggests that Robert Half Inc may be facing challenges in efficiently utilizing its assets to generate earnings. It could be indicative of various factors such as increased expenses, lower revenues, or suboptimal asset management strategies.
Further analysis of the company's financial health and operational efficiency is warranted to determine the underlying reasons for the decreasing ROA and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023