H&R Block Inc (HRB)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,868,370K ÷ $—K
= —
To calculate the payables turnover for H&R Block Inc over the past five years, we need the following formula: Payables Turnover = Cost of Goods Sold / Average Accounts Payable.
Since the precise figures for Cost of Goods Sold and Accounts Payable are not provided in the table, we are unable to compute the payables turnover ratio for any of the given years.
The payables turnover ratio is a key metric that measures how efficiently a company is managing its accounts payable by comparing the cost of goods sold to the average accounts payable balance. A higher payables turnover ratio typically indicates that the company is paying its suppliers more quickly.
Without the necessary data, it is not possible to assess H&R Block Inc's payables turnover performance and its trend over the last five years accurately. It is recommended to refer directly to the company's financial statements for a more detailed analysis of this metric.
Peer comparison
Jun 30, 2024