Gross Margin % is calculated as gross profit divided by its revenue. Robert Half's Gross Profit for the
three
months ended in Dec. 2023 was $584 Mil. Robert Half's Revenue for the
three
months ended in Dec. 2023 was $1,473 Mil. Therefore, Robert Half's Gross Margin % for the quarter that ended in Dec. 2023 was 39.66%.
The historical rank and industry rank for Robert Half's Gross Margin % or its related term are showing as below:
RHI'
s Gross Margin % Range Over the Past 10 Years
Min: 39.39 Med: 41.33 Max: 42.75
Current: 40.28
During the past 13 years, the highestGross Margin % of Robert Half was 42.75%. The lowest was 39.39%. And the median was 41.33%.
RHI's Gross Margin % is ranked better than 57.95% of 994
companies
in the Business Services industry
Industry Median: 34.85
vs RHI: 40.28
Robert Half had a gross margin of 39.66% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Robert Half was -0.10% per year.
Robert Half Gross Margin % Historical Data
The historical data trend for Robert Half's Gross Margin % 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.
For the Staffing & Employment Services subindustry, Robert Half's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution
For the Business Services industry and Industrials sector, Robert Half's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Robert Half's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Robert Half (NYSE:RHI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Robert Half had a gross margin of 39.66% for the quarter that ended in Dec. 2023 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Robert Half Gross Margin % Related Terms
Thank you for viewing the detailed overview of Robert Half's Gross Margin % 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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