H&R Block Inc (HRB)
Payables 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 |
| Payables | US$ in thousands | 144,046 | 243,754 | 136,893 | 161,620 | 155,830 | 247,109 | 143,339 | 149,892 | 159,901 | 236,388 | 137,118 | 168,496 | 160,929 | 225,708 | 155,841 | 156,605 | 198,084 | — | 198,084 | — |
| Payables turnover | 14.48 | 8.45 | 14.73 | 12.39 | 12.78 | 7.96 | 13.42 | 12.82 | 12.03 | 8.30 | 13.93 | 10.54 | 10.91 | 5.69 | 14.36 | 15.25 | 12.76 | — | 9.30 | — |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,086,111K ÷ $144,046K
= 14.48
The payables turnover ratio for H&R Block Inc exhibits notable fluctuations over the specified periods. In early 2021, the ratio is unavailable for January 31 and April 30; however, by March 31, 2021, it stands at 9.30, indicating the company was paying its suppliers approximately 9.3 times within the year. This ratio increases substantially afterward, reaching a peak of 15.25 on September 30, 2021, and slightly declining to 14.36 by December 31, 2021, suggesting a period of more efficient or accelerated payments to suppliers.
Throughout 2022, the ratio generally remains elevated, with values of 10.91 in June, 10.54 in September, and rising again to 13.93 by year-end. In 2023, there is a noticeable decline to 8.30 in the first quarter, indicating a slowdown in paying suppliers, but this is followed by an increase to 12.03 in June and 12.82 in September, continuing to rise to 13.42 in December. Early 2024 sees a dip to 7.96 in March, before the ratio recovers to 12.78 in June, slightly decreases to 12.39 in September, and then climbs again to 14.73 in December. The initial segments of 2025 reflect a decrease to 8.45 in March, with a significant rise to 14.48 by June.
Overall, the payables turnover ratio demonstrates periods of both acceleration and deceleration, indicating variations in the company's payment practices or supplier credit terms over the analyzed periods. The fluctuations may suggest strategic payment management or reactive adjustments to cash flow and operational needs. The ratio's general trend around the mid to high teens in late 2021 and late 2024 indicates relatively swift payments to suppliers, whereas lower ratios in early 2023 and March 2024 point to longer payment periods or more extended credit terms during those times.
Peer comparison
Jun 30, 2025