H&R Block Inc (HRB)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,086,111 | 2,059,555 | 2,016,171 | 2,001,789 | 1,991,566 | 1,965,952 | 1,923,630 | 1,922,148 | 1,923,452 | 1,961,645 | 1,909,414 | 1,775,401 | 1,756,271 | 1,283,167 | 2,237,512 | 2,388,216 | 2,526,957 | 3,382,837 | 1,842,092 | 1,907,329 |
| Inventory | US$ in thousands | — | — | — | — | 17,867 | — | — | 30,570 | 28,341 | 25,270 | 27,733 | — | — | 15,558 | — | -15,558 | — | — | -78,473 | — |
| Inventory turnover | — | — | — | — | 111.47 | — | — | 62.88 | 67.87 | 77.63 | 68.85 | — | — | 82.48 | — | — | — | — | — | — |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,086,111K ÷ $—K
= —
The inventory turnover for H&R Block Inc over the analyzed periods reveals considerable variability and periods of inactivity in the data. For most of 2021, from January through December, the inventory turnover figures are not available, indicating either an absence of inventory-related transactions or data reporting gaps during these quarters.
The first recorded inventory turnover figure appears on March 31, 2022, with a value of 82.48, suggesting a very high rate of inventory utilization or liquidation during that period. This elevated ratio typically indicates efficient inventory management and rapid turnover, which is plausible given the nature of H&R Block’s core services, where inventory levels are generally minimal and related to promotional materials or software products.
Continuing into 2022, the inventory turnover shows a decline, recorded as 68.85 on December 31, 2022, and further decreasing to 77.63 on March 31, 2023, followed by a slight reduction to 67.87 on June 30, 2023. Subsequently, it declines again to 62.88 as of September 30, 2023. These figures suggest a gradual decrease in the frequency with which inventory is turned over, which could reflect seasonality, changes in inventory management strategies, or shifts in product sales intensity.
A notable change occurs on June 30, 2024, where the inventory turnover jumps to 111.47, signaling an exceptionally rapid inventory cycle within that period. This spike might be attributable to specific operational factors, such as inventory clearance, product discontinuation, or strategic shifts in inventory handling.
Overall, the data indicates that H&R Block's inventory turnover rates, where available, tend to be high, consistent with a service-oriented business with minimal inventory holdings. The fluctuations might correlate with seasonal demand, promotional activities, or strategic inventory adjustments. The periods with missing data limit a comprehensive trend analysis, but the observable figures point toward generally efficient inventory management efforts, punctuated by occasional sharp increases that could reflect targeted operational initiatives.
Peer comparison
Jun 30, 2025
Jun 30, 2025