H&R Block Inc (HRB)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,086,110 | 1,991,570 | 1,923,450 | 1,881,260 | 1,842,090 |
| Inventory | US$ in thousands | — | 17,867 | 28,341 | — | 233,663 |
| Inventory turnover | — | 111.47 | 67.87 | — | 7.88 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,086,110K ÷ $—K
= —
The inventory turnover ratios for H&R Block Inc. over the specified periods exhibit a significant upward trend, with notable variations across the timeline. As of June 30, 2021, the inventory turnover was recorded at 7.88 times, indicating the company's efficiency in selling and replacing its inventory during that fiscal year. Data for June 30, 2022, are not available, which limits the capacity to analyze movement or trends between 2021 and 2023.
A substantial increase is observed as of June 30, 2023, with the inventory turnover ratio soaring to 67.87 times. This represents a remarkably rapid and efficient inventory management process, suggesting highly effective sales, faster inventory movement, or substantial improvements in operational efficiency during this period. The upward trajectory continues into June 30, 2024, with the ratio rising further to 111.47 times, emphasizing an even more aggressive turnover rate and possibly indicating a streamlined inventory replenishment cycle or a strategic shift toward a different business model emphasizing quick inventory utilization.
By June 30, 2025, no data are provided, precluding analysis for this period. However, the previous data points imply a pattern of accelerated inventory turnover, which could be reflective of changes in business strategy, market demand, or operational improvements. Overall, the dramatic increase in inventory turnover from 7.88 times in 2021 to over 111 times in 2024 suggests that H&R Block Inc. has experienced a period of significant operational enhancements or strategic adjustments that enable rapid inventory movement and turnover.
Peer comparison
Jun 30, 2025