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Korn Ferry (Korn Ferry) Asset Turnover : 0.20 (As of Jan. 2024)


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What is Korn Ferry Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Korn Ferry's Revenue for the three months ended in Jan. 2024 was $677 Mil. Korn Ferry's Total Assets for the quarter that ended in Jan. 2024 was $3,459 Mil. Therefore, Korn Ferry's Asset Turnover for the quarter that ended in Jan. 2024 was 0.20.

Asset Turnover is linked to ROE % through Du Pont Formula. Korn Ferry's annualized ROE % for the quarter that ended in Jan. 2024 was 14.07%. It is also linked to ROA % through Du Pont Formula. Korn Ferry's annualized ROA % for the quarter that ended in Jan. 2024 was 6.83%.


Korn Ferry Asset Turnover Historical Data

The historical data trend for Korn Ferry's Asset 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.

* Premium members only.

Korn Ferry Asset Turnover Chart

Korn Ferry Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.85 0.78 0.63 0.81 0.81

Korn Ferry Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.21 0.21 0.21 0.20

Competitive Comparison of Korn Ferry's Asset Turnover

For the Staffing & Employment Services subindustry, Korn Ferry's Asset Turnover, along with its competitors' market caps and Asset 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.


Korn Ferry's Asset Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Korn Ferry's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Korn Ferry's Asset Turnover falls into.



Korn Ferry Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Korn Ferry's Asset Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Apr. 2023 )/( (Total Assets (A: Apr. 2022 )+Total Assets (A: Apr. 2023 ))/ count )
=2863.836/( (3464.546+3574.444)/ 2 )
=2863.836/3519.495
=0.81

Korn Ferry's Asset Turnover for the quarter that ended in Jan. 2024 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=676.873/( (3360.961+3556.325)/ 2 )
=676.873/3458.643
=0.20

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Korn Ferry  (NYSE:KFY) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Korn Ferry's annulized ROE % for the quarter that ended in Jan. 2024 is

ROE %**(Q: Jan. 2024 )
=Net Income/Total Stockholders Equity
=236.284/1679.888
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(236.284 / 2707.492)*(2707.492 / 3458.643)*(3458.643/ 1679.888)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.73 %*0.7828*2.0589
=ROA %*Equity Multiplier
=6.83 %*2.0589
=14.07 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Korn Ferry's annulized ROA % for the quarter that ended in Jan. 2024 is

ROA %(Q: Jan. 2024 )
=Net Income/Total Assets
=236.284/3458.643
=(Net Income / Revenue)*(Revenue / Total Assets)
=(236.284 / 2707.492)*(2707.492 / 3458.643)
=Net Margin %*Asset Turnover
=8.73 %*0.7828
=6.83 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) revenue data.

* 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Korn Ferry Asset Turnover Related Terms

Thank you for viewing the detailed overview of Korn Ferry's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Korn Ferry (Korn Ferry) Business Description

Traded in Other Exchanges
Address
1900 Avenue of the Stars, Suite 1500, Los Angeles, CA, USA, 90067
Korn Ferry is a United States-based firm engaged in organizational consulting and management recruitment that helps clients fill mid- to high-level management positions. The company's segment includes Consulting; Digital; Executive Search and RPO and Professional Search.
Executives
Matthew J Espe director
Jeanne Macdonald officer: CEO RPO 1900 AVENUE OF THE STARS, SUITE 1500, LOS ANGELES CA 90067
Charles L. Harrington director 5875 TRINITY PKWY #300, CENTREVILLE VA 20120
Michael Distefano officer: See Remarks 1900 AVENUE OF THE STARS, SUITE 1500, LOS ANGELES CA 90067
Gary D Burnison director, officer: CEO C/O KORN FERRY INTERNATIONAL, 800 CENTURY PARK EAST STE 900, LOS ANGELES CA 90067
Laura M Bishop director 1900 AVENUE OF THE STARS, SUITE 1500, LOS ANGELES CA 90067
Robert P Rozek officer: EVP and CFO 343 STATE STREET, ROCHESTER NY 146500211
Byrne K Mulrooney officer: CEO of Futurestep 2050 SPECTRUM BOULEVARD, FT. LAUDERDALE FL 33309
Jerry Leamon director C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
George T Shaheen director
Len J Lauer director 2001 EDMUND HALLEY DRIVE, RESTON VA 20191
Lori Jean Robinson director 5875 LANDERBROOK DRIVE, SUITE 220, CLEVELAND OH 44124
Mark Arian officer: CEO of Hay Group C/O KORN/FERRY INTERNATIONAL, 1900 AVE. OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Debra J Perry director 515 RIDGEWOOD AVENUE, GLEN RIDGE NJ 07028
Angel R Martinez director C/O TUPPERWARE BRANDS CORP, PO BOX 2353, ORLANDO FL 32802-2353