H&R Block Inc (HRB)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,531,780 | 3,399,780 | 3,375,510 | 3,307,770 | 2,544,680 |
| Property, plant and equipment | US$ in thousands | 131,319 | 130,015 | 123,912 | 148,490 | 184,367 |
| Fixed asset turnover | 26.89 | 26.15 | 27.24 | 22.28 | 13.80 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,531,780K ÷ $131,319K
= 26.89
H&R Block Inc's fixed asset turnover ratio has shown a consistent upward trend over the past five years, indicating an improvement in the company's ability to generate revenue relative to its investment in fixed assets. The ratio increased from 13.80 in April 2020 to 26.89 in June 2024, with peaks in June 2022 and June 2024 at 27.24 and 26.89, respectively. This suggests that the company has been effectively utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio generally signifies efficient utilization of assets and effective management of operational resources. This positive trend in fixed asset turnover is a favorable indicator of H&R Block Inc's operational efficiency and potential for generating returns on its fixed asset investments.
Peer comparison
Jun 30, 2024