Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Robert Half's annualized net income for the quarter that ended in Dec. 2023 was $349 Mil. Robert Half's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $1,344 Mil. Therefore, Robert Half's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 25.99%.
The historical rank and industry rank for Robert Half's Return-on-Tangible-Equity or its related term are showing as below:
RHI'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 30.45 Med: 43.42 Max: 56.17
Current: 30.45
During the past 13 years, Robert Half's highest Return-on-Tangible-Equity was 56.17%. The lowest was 30.45%. And the median was 43.42%.
RHI's Return-on-Tangible-Equity is ranked better than 74.75% of 998
companies
in the Business Services industry
Industry Median: 12.255
vs RHI: 30.45
Robert Half Return-on-Tangible-Equity Historical Data
The historical data trend for Robert Half's Return-on-Tangible-Equity 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-Equity
For the Staffing & Employment Services subindustry, Robert Half's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Robert Half's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Robert Half's Return-on-Tangible-Equity falls into.
Robert Half Return-on-Tangible-Equity Calculation
Robert Half's annualized Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Robert Half (NYSE:RHI) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Robert Half Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Robert Half's Return-on-Tangible-Equity 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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