H&R Block Inc (HRB)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,760,990 | 3,712,610 | 3,620,340 | 3,620,353 | 3,610,343 | 3,579,863 | 3,488,683 | 3,476,005 | 3,472,190 | 3,490,110 | 3,458,220 | 3,450,631 | 3,463,270 | 2,666,961 | 2,911,941 | 3,354,155 | 3,447,914 | 5,522,333 | 3,360,945 | 3,068,142 |
| Property, plant and equipment | US$ in thousands | — | 563,653 | 533,462 | 562,523 | — | — | — | 544,082 | 130,015 | 508,307 | 519,547 | 540,757 | — | — | — | — | — | 148,490 | — | 162,765 |
| Fixed asset turnover | — | 6.59 | 6.79 | 6.44 | — | — | — | 6.39 | 26.71 | 6.87 | 6.66 | 6.38 | — | — | — | — | — | 37.19 | — | 18.85 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,760,990K ÷ $—K
= —
The fixed asset turnover ratio for H&R Block Inc exhibits considerable variability over the analyzed period. Beginning at 18.85 on January 31, 2021, the ratio experienced fluctuations, with notable increases and decreases across subsequent reporting dates. The ratio increased sharply to 37.19 by April 30, 2021, indicating a period of heightened efficiency in generating revenue relative to fixed assets. However, during the subsequent quarters, the ratio data is largely unavailable, suggesting possible gaps in reporting.
In the latter part of 2021 and into early 2022, data remains sparse or unreported, but from September 30, 2022, onward, the ratio is consistently reported and provides a clearer trend. The ratio declined from 6.38 on September 30, 2022, slightly increased to 6.66 by December 31, 2022, and continued marginally upward to 6.87 on March 31, 2023. A significant rise occurred later, with the ratio reaching 26.71 on June 30, 2023, before declining again to 6.39 on September 30, 2023. The ratios for the subsequent quarters show minor fluctuations around the 6.4 to 6.8 range, with a slight upward trend observable through the end of the analyzed period—6.44 on September 30, 2024, 6.79 on December 31, 2024, and 6.59 on March 31, 2025.
Overall, the pattern suggests the company's fixed asset efficiency has varied considerably over the observed intervals. The sharp peak in mid-2023 followed by a decline indicates periods of increased capital utilization efficiency, possibly driven by strategic assets deployment or operational changes. The relatively stable ratios in the latest quarters imply a more consistent management of fixed assets relative to revenue generation, albeit at a lower level compared to the earlier peak.
Peer comparison
Jun 30, 2025