H&R Block Inc (HRB)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,761,000 | 3,610,350 | 3,472,180 | 3,463,270 | 3,413,990 |
| Property, plant and equipment | US$ in thousands | — | 593,305 | 130,015 | 551,695 | 585,123 |
| Fixed asset turnover | — | 6.09 | 26.71 | 6.28 | 5.83 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,761,000K ÷ $—K
= —
The fixed asset turnover ratio for H&R Block Inc. between June 30, 2021, and June 30, 2025, exhibits notable fluctuations over the observed period.
In fiscal year 2021, the ratio stood at 5.83, indicating that the company generated approximately $5.83 in revenue for every dollar invested in fixed assets. This level suggests a moderate level of asset efficiency during that period.
In the subsequent fiscal year 2022, the ratio increased to 6.28, reflecting a modest improvement in the utilization of fixed assets to generate revenue. The upward movement indicates a possible enhancement in operational efficiency or scale of activities utilizing fixed assets.
The most significant change occurred by June 30, 2023, when the fixed asset turnover ratio surged dramatically to 26.71. This substantial increase suggests a period of heightened efficiency, where the company was able to generate considerably more revenue per dollar invested in fixed assets. Such a spike could be attributed to strategic operational improvements, asset disposals, or shifts in revenue generation efficiency, possibly driven by increased demand or optimized asset utilization.
Following this peak, the ratio declined markedly to 6.09 as of June 30, 2024. While still higher than the initial years, this decrease indicates a partial reduction in the level of asset turnover efficiency observed previously. The decline may reflect a normalization of asset utilization, potential investments in fixed assets that have yet to contribute proportionally to revenue, or changes in operational dynamics.
The latest data point for June 30, 2025, is not available, denoted by a hyphen, indicating the absence of reported information for that fiscal year.
Overall, the trend in H&R Block Inc.’s fixed asset turnover ratio demonstrates a period of stability followed by a significant surge, and then a subsequent normalization. The sharp fluctuation around the 2023 fiscal year underscores potential operational or strategic shifts affecting asset utilization efficiency.
Peer comparison
Jun 30, 2025