H&R Block Inc (HRB)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 98.40 | — | — | — | |
| DOH | days | — | 3.71 | — | — | — |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
H&R Block Inc's Days of Inventory on Hand (DOH) ratio for the fiscal year ended June 30, 2023, was 3.71 days. This ratio indicates that, on average, the company held inventory for approximately 3.71 days before selling it during the period.
A lower DOH ratio suggests that the company is efficiently managing its inventory turnover, minimizing holding costs, and potentially avoiding obsolescence issues. However, it is important to note that the absence of DOH data for other years limits the ability to compare trends and assess the overall effectiveness of inventory management over time.
In future analyses, it would be beneficial to monitor changes in the DOH ratio to evaluate the company's inventory management practices and their impact on working capital efficiency and profitability.
Peer comparison
Jun 30, 2024