Robert Half (BSP:R1HI34) Receivables Turnover : 1.73 (As of Mar. 2024)

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What is Robert Half Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Robert Half's Revenue for the three months ended in Mar. 2024 was R$7,350 Mil. Robert Half's average Accounts Receivable for the three months ended in Mar. 2024 was R$4,254 Mil. Hence, Robert Half's Receivables Turnover for the three months ended in Mar. 2024 was 1.73.

Robert Half Receivables Turnover Historical Data

The historical data trend for Robert Half's Receivables Turnover 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.

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Robert Half Receivables Turnover Chart

Robert Half Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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7.67

7.41

7.91

6.96

6.55

Robert Half Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.69	1.59	1.65	1.63	1.73

Competitive Comparison of Robert Half's Receivables Turnover

For the Staffing & Employment Services subindustry, Robert Half's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Robert Half's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Robert Half's Receivables Turnover falls into.

Robert Half Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Robert Half's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	31322.055	/ (	(5341.323	+	4218.101)	/	2 )
=	31322.055	/	4779.712
=	6.55

Robert Half's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	7349.871	/ (	(4218.101	+	4289.849)	/	2 )
=	7349.871	/	4253.975
=	1.73

Robert Half (BSP:R1HI34) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Robert Half Receivables Turnover Related Terms

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Robert Half (BSP:R1HI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Robert Half Inc (BSP:R1HI34) » Definitions » Receivables Turnover

Comparable Companies

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RHI:USA RHI:Mexico

Address

2884 Sand Hill Road, Suite 200, Menlo Park, CA, USA, 94025

Website

https://www.roberthalf.com

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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