Robert Half International Inc (RHI)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,588,350	1,579,970	1,625,270	1,598,480	1,568,560	1,490,920	1,467,670	1,452,770	1,381,050	1,316,040	1,259,250	1,197,700	1,205,290	1,194,030	1,156,710	1,129,920	1,143,680	1,111,830	1,109,230	1,077,030
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%

December 31, 2023 calculation

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

The return on equity (ROE) of Robert Half Inc has shown a declining trend over the past eight quarters. Starting at a high of 45.17% in Q1 2022, the ROE has gradually decreased to 25.89% in Q4 2023. This indicates that the company's ability to generate profit from shareholders' equity has weakened over time.

While the ROE values are still relatively high compared to industry averages, the consistent decline may raise concerns about the company's efficiency in utilizing shareholders' equity to generate profits. It is important for investors and stakeholders to closely monitor this trend and assess the company's strategies for improving profitability and enhancing shareholder value in the upcoming periods.