H&R Block Inc (HRB)
Total asset 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 |
| Total assets | US$ in thousands | 3,218,810 | 3,072,260 | 3,269,160 | 3,653,650 | 5,112,050 |
| Total asset turnover | 1.10 | 1.11 | 1.03 | 0.91 | 0.50 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,531,780K ÷ $3,218,810K
= 1.10
Based on the data provided for H&R Block Inc's total asset turnover ratio over the past five years, we can observe fluctuations in the efficiency of the company in generating revenue from its total assets.
The total asset turnover ratio measures how effectively a company is utilizing its assets to generate sales. A higher ratio indicates better efficiency in asset utilization.
H&R Block's total asset turnover ratio has ranged from 0.50 to 1.11 over the past five years. The ratio increased from 0.50 in Apr 30, 2020, to peak at 1.11 in Jun 30, 2023, before slightly declining to 1.10 in Jun 30, 2024.
The increase in the total asset turnover ratio from 2020 to 2023 suggests improved efficiency in utilizing assets to generate revenue. However, the slight decline in 2024 could indicate a potential decrease in asset turnover efficiency, albeit still remaining relatively high.
Overall, H&R Block Inc has shown varying levels of effectiveness in generating revenue from its total assets over the past five years, with fluctuations in the total asset turnover ratio. Analysis of the underlying reasons behind these fluctuations would be necessary to provide further insights into the company's operational performance.
Peer comparison
Jun 30, 2024