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