H&R Block Inc (HRB)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,868,370 | 2,788,890 | 2,785,670 | 2,726,160 | 2,651,040 |
| Inventory | US$ in thousands | — | 28,341 | — | — | — |
| Inventory turnover | — | 98.40 | — | — | — |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,868,370K ÷ $—K
= —
Based on the given data, we can observe that H&R Block Inc's inventory turnover ratio for the financial year ended June 30, 2023, was 98.40. This indicates that the company sold and replaced its inventory approximately 98.40 times during that year.
However, information on inventory turnover for other years is not available in the provided data. Without more data points, it is difficult to draw a trend analysis or make comparative assessments of the company's inventory management efficiency over multiple periods.
It is important to note that a high inventory turnover ratio generally suggests that a company effectively manages its inventory levels, minimizes holding costs, and swiftly moves its products. Conversely, a low ratio could indicate overstocking, obsolete inventory, or potentially weaker sales.
Therefore, further information and analysis across additional periods would be necessary to gain a more complete understanding of H&R Block Inc's inventory turnover performance.
Peer comparison
Jun 30, 2024