H&R Block Inc (HRB)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,868,373 | 2,831,383 | 2,789,061 | 2,787,579 | 2,788,883 | 2,866,053 | 2,813,822 | 2,804,800 | 2,785,670 | 3,148,110 | 2,696,928 | 2,652,660 | 2,726,164 | 2,646,284 | 2,728,532 | 2,736,683 | 2,651,039 | 2,629,309 | 2,587,814 | 2,585,423 |
| Inventory | US$ in thousands | — | — | — | 30,570 | 28,341 | 25,270 | 27,733 | — | — | 15,558 | — | -15,558 | — | — | — | — | — | — | — | — |
| Inventory turnover | — | — | — | 91.19 | 98.40 | 113.42 | 101.46 | — | — | 202.35 | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,868,373K ÷ $—K
= —
The inventory turnover ratio for H&R Block Inc has shown fluctuations over the analyzed periods, with significant variability in the values reported. Specifically, the ratio was not available for some quarters, indicating a potential lack of data or irregular reporting.
In the quarters where the inventory turnover ratio was reported, the company demonstrated a high rate of inventory turnover, reaching levels as high as 202.35 in the first quarter of 2022. This suggests that H&R Block Inc efficiently manages its inventory to generate sales, minimize holding costs, and optimize working capital utilization during that period.
However, it is worth noting that the inventory turnover ratio can be influenced by factors such as seasonal demand, changes in product mix, or disruptions in the supply chain. Additionally, the lack of reported data for certain quarters limits the ability to track consistent trends in the company's inventory management efficiency.
Overall, while the available data points towards a strong inventory turnover performance for H&R Block Inc in some periods, a more comprehensive analysis would require a complete dataset over time to assess the consistency and sustainability of its inventory management strategy.
Peer comparison
Jun 30, 2024
Jun 30, 2024