Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Robert Half's annualizedNet Income for the quarter that ended in Dec. 2023 was $349 Mil. Robert Half's average total tangible assets for the quarter that ended in Dec. 2023 was $2,775 Mil. Therefore, Robert Half's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 12.58%.
The historical rank and industry rank for Robert Half's Return-on-Tangible-Asset or its related term are showing as below:
RHI'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.83 Med: 23.2 Max: 25.99
Current: 14.93
During the past 13 years, Robert Half's highest Return-on-Tangible-Asset was 25.99%. The lowest was 13.83%. And the median was 23.20%.
RHI's Return-on-Tangible-Asset is ranked better than 87.44% of 1083
companies
in the Business Services industry
Industry Median: 4.2
vs RHI: 14.93
Robert Half Return-on-Tangible-Asset Historical Data
The historical data trend for Robert Half's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Robert Half's Return-on-Tangible-Asset
For the Staffing & Employment Services subindustry, Robert Half's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Robert Half's Return-on-Tangible-Asset Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Robert Half's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Robert Half's Return-on-Tangible-Asset falls into.
Robert Half Return-on-Tangible-Asset Calculation
Robert Half's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
Robert Half (NYSE:RHI) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Robert Half Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Robert Half's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 1948, Robert Half provides temporary, permanent, and outcome-based staffing for both in-person and remote positions in the finance and accounting, technology, legal, marketing, and administrative fields. Its subsidiary consulting arm, Protiviti, specializes in technology, risk, auditing, and compliance matters. The firm generates most of its sales inside the U.S. and stands as one of the largest specialized firms in the highly fragmented U.S. staffing industry. The firm generates annual revenue of around $7 billion.
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