H&R Block Inc (HRB)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,531,780 | 3,399,780 | 3,375,510 | 3,307,770 | 2,544,680 |
| Receivables | US$ in thousands | 69,075 | 59,987 | 58,447 | 197,876 | 133,197 |
| Receivables turnover | 51.13 | 56.68 | 57.75 | 16.72 | 19.10 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,531,780K ÷ $69,075K
= 51.13
H&R Block Inc's receivables turnover ratio has exhibited varying levels over the past five years. The trend indicates a decreasing pattern from June 2022 to June 2024, with the ratio dropping from 57.75 to 51.13. This suggests that the company took longer to collect its accounts receivable in recent years.
Comparing the most recent data to April 2020, there was a notable improvement in the efficiency of receivables turnover, as the ratio increased from 19.10 to 51.13. This signifies that H&R Block Inc managed to collect its accounts receivable more quickly in June 2024 compared to April 2020.
Overall, while the receivables turnover ratio has fluctuated, it is essential for H&R Block Inc to continue monitoring and managing its accounts receivable collection process to ensure optimal efficiency and cash flow management.
Peer comparison
Jun 30, 2024