H&R Block Inc (HRB)
Fixed asset turnover
| 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 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,531,769 | 3,501,259 | 3,413,849 | 3,403,550 | 3,399,781 | 3,414,901 | 3,381,561 | 3,369,872 | 3,375,505 | 4,650,275 | 2,898,648 | 2,908,269 | 3,307,772 | 2,783,032 | 2,989,740 | 3,005,189 | 2,586,254 | 3,049,414 | 3,024,707 | 3,012,777 |
| Property, plant and equipment | US$ in thousands | 131,319 | 139,542 | 137,153 | 131,667 | 130,015 | 136,132 | 136,824 | 127,934 | 123,912 | 133,036 | 140,459 | 141,006 | 148,490 | 162,765 | 164,742 | 168,830 | 184,367 | 197,569 | 206,216 | 199,679 |
| Fixed asset turnover | 26.89 | 25.09 | 24.89 | 25.85 | 26.15 | 25.09 | 24.71 | 26.34 | 27.24 | 34.96 | 20.64 | 20.63 | 22.28 | 17.10 | 18.15 | 17.80 | 14.03 | 15.43 | 14.67 | 15.09 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,531,769K ÷ $131,319K
= 26.89
The fixed asset turnover ratio measures the efficiency with which a company is generating sales from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate revenue.
Analyzing the trend of H&R Block Inc's fixed asset turnover ratio over the past few quarters, we observe fluctuations in the ratio. The ratio ranged from a low of 14.03 to a high of 34.96 during the period under consideration.
In the most recent quarter, the fixed asset turnover ratio was 26.89, which indicates that the company generated $26.89 in sales for every dollar invested in fixed assets. This is a positive sign, suggesting efficient utilization of fixed assets to drive revenue.
Looking at the historical data, we see that the fixed asset turnover ratio has shown variability over the quarters, indicating fluctuations in the company's efficiency in utilizing its fixed assets. It is important to further investigate the factors contributing to these fluctuations to assess the sustainability of the company's performance in generating revenue from its fixed assets.
Overall, the trend in H&R Block Inc's fixed asset turnover ratio demonstrates varying efficiencies in generating sales from its fixed asset base, and further analysis is warranted to understand the underlying factors affecting this metric.
Peer comparison
Jun 30, 2024