H&R Block Inc (HRB)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,531,769 | 3,501,259 | 3,413,849 | 3,403,550 | 3,399,781 | 3,414,901 | 3,381,561 | 3,369,872 | 3,375,505 | 4,650,275 | 2,898,648 | 2,908,269 | 3,307,772 | 2,783,032 | 2,989,740 | 3,005,189 | 2,586,254 | 3,049,414 | 3,024,707 | 3,012,777 |
| Receivables | US$ in thousands | 69,075 | 346,784 | 397,453 | 60,330 | 59,987 | 249,150 | 328,616 | 61,035 | 58,447 | 261,602 | 301,055 | 56,829 | 197,876 | 563,089 | 71,253 | 97,222 | 133,197 | 819,946 | 74,710 | 76,128 |
| Receivables turnover | 51.13 | 10.10 | 8.59 | 56.42 | 56.68 | 13.71 | 10.29 | 55.21 | 57.75 | 17.78 | 9.63 | 51.18 | 16.72 | 4.94 | 41.96 | 30.91 | 19.42 | 3.72 | 40.49 | 39.58 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,531,769K ÷ $69,075K
= 51.13
The receivables turnover ratio for H&R Block Inc has shown fluctuations over the past few quarters. In the most recent period ending June 30, 2024, the receivables turnover ratio was 51.13, indicating that the company collected its outstanding receivables 51.13 times during that period. This represents a significant improvement from the previous quarter's ratio of 10.10.
The trend in receivables turnover ratios for H&R Block Inc has been volatile, with some quarters showing much higher turnover rates than others. For example, the turnover ratios for September 30, 2023, and June 30, 2023, were particularly high at 56.42 and 56.68, respectively, suggesting efficient management of receivables during those periods.
On the other hand, there were quarters with lower turnover ratios, such as March 31, 2021, with a ratio of 4.94, indicating a slower collection of receivables during that period.
Overall, the receivables turnover ratio for H&R Block Inc has displayed variability over the analyzed period, with some quarters demonstrating strong efficiency in collecting outstanding receivables while others showing room for improvement.
Peer comparison
Jun 30, 2024