Robert Half International Inc (RHI)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,588,350	1,568,560	1,381,050	1,205,290	1,143,680
ROE		25.89%	41.94%	43.35%	25.41%	39.73%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $411,146K ÷ $1,588,350K
= 25.89%

Robert Half Inc's return on equity (ROE) has exhibited fluctuations over the past five years. The ROE for the most recent year, ending December 31, 2023, was 25.89%, reflecting a decrease compared to the previous year's ROE of 41.94%. While the ROE has been relatively high in recent years, it has not been consistently increasing.

The significant drop in ROE from 2022 to 2023 might indicate a decline in the company's profitability or efficiency in generating returns for shareholders. It is essential for investors to further investigate the reasons behind this decline to assess the company's financial health and performance accurately.

Although Robert Half Inc's ROE has shown variability, it is important to consider the industry benchmarks and peer comparisons to contextualize these ratios effectively. Additionally, a thorough analysis of the company's financial statements, business operations, and market conditions could provide more insights into the factors influencing its ROE trends.