H&R Block Inc (HRB)
Days of sales outstanding (DSO)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Apr 30, 2021 | Mar 31, 2021 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 59.12 | 10.54 | 11.27 | 51.77 | 52.27 | 10.32 | 7.39 | 33.92 | 36.21 | 12.39 | 9.22 | 16.04 | 13.25 | 4.43 | 4.46 | 8.49 | 6.49 | 27.91 | 6.33 | 5.45 | |
| DSO | days | 6.17 | 34.65 | 32.38 | 7.05 | 6.98 | 35.36 | 49.37 | 10.76 | 10.08 | 29.46 | 39.61 | 22.76 | 27.54 | 82.38 | 81.84 | 43.01 | 56.24 | 13.08 | 57.69 | 66.99 |
June 30, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 59.12
= 6.17
The analysis of H&R Block Inc's days of sales outstanding (DSO) over the specified periods reveals significant fluctuations, reflecting varying operational and strategic factors.
In early 2021, the DSO experienced notable volatility. At January 31, 2021, the DSO was approximately 67 days, decreasing to roughly 58 days by March 31, 2021, indicating an improvement in receivables collection efficiency. However, a sharp decline was observed by April 30, 2021, where the DSO dropped dramatically to around 13 days, suggesting a substantial acceleration in cash collection or a change in revenue recognition timing.
Subsequently, by June 30, 2021, the DSO increased again to approximately 56 days, and further decreased to 43 days by September 30, 2021. This indicates a partial normalization while still reflecting periods of shorter receivable collection times compared to early 2021.
The period ending December 31, 2021, exhibited a substantial increase in DSO, reaching about 82 days. This upward shift could imply delays in collections, extended credit terms, or potential changes in client payment behaviors. The upward trend persisted into the following year, with DSO reaching approximately 82 days again on March 31, 2022.
In 2022, a notable shift occurred, as DSO decreased sharply to approximately 28 days by June 30, 2022, and further declined to around 23 days by September 30, 2022. These reductions signify a marked improvement in receivables collection efficiency and possibly the impact of operational adjustments or strategic initiatives to expedite cash inflows.
The downward trend continued into late 2022, with DSO falling to roughly 40 days at December 31, 2022, and then further decreasing to approximately 29 days by March 31, 2023. This suggests ongoing enhancements in receivables management.
In 2023, DSO reached its lowest levels observed in this dataset, with approximately 10 days on June 30, 2023, and around 11 days on September 30, 2023. These figures indicate highly efficient collection processes during this period. However, a moderate increase is apparent at the end of 2023, with DSO rising to about 49 days at December 31, 2023, and then stabilizing around 35 to 36 days in the first quarter of 2024.
The most recent data from mid-2024 and early 2025 shows further fluctuations, with DSO reaching as low as approximately 7 days in June 2024 and September 2024, indicative of extremely prompt receivables collection. Nevertheless, by December 31, 2024, DSO increased again to roughly 32 days, and it remained elevated at about 35 days for March 2025, with a notable decline to approximately 6 days by June 2025. This recent variability may reflect seasonal influences, changes in operational focus, or alterations in customer payment patterns.
Overall, the DSO trend demonstrates periods of both efficiency and delays in receivables collection. The sharp reductions in DSO in 2022 and 2023 suggest significant improvements in cash flow management, whereas the earlier increases indicate phases of slower collection or strategic credit extensions. The recent low figures point to robust receivables management, but the fluctuations at year-end and over the span of nearly two years highlight the importance of monitoring ongoing credit and collection policies to maintain or further improve cash flow efficiency.
Peer comparison
Jun 30, 2025