H&R Block Inc (HRB)
Total asset 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 |
| Total assets | US$ in thousands | 3,218,810 | 3,213,320 | 2,776,300 | 2,511,050 | 3,072,260 | 3,157,910 | 2,593,220 | 2,559,230 | 3,269,160 | 3,781,130 | 3,100,060 | 3,368,030 | 3,653,650 | 3,168,360 | 2,556,430 | 4,997,440 | 5,112,050 | 3,452,430 | 2,756,740 | 3,110,000 |
| Total asset turnover | 1.10 | 1.09 | 1.23 | 1.36 | 1.11 | 1.08 | 1.30 | 1.32 | 1.03 | 1.23 | 0.94 | 0.86 | 0.91 | 0.88 | 1.17 | 0.60 | 0.51 | 0.88 | 1.10 | 0.97 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,531,769K ÷ $3,218,810K
= 1.10
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. A higher total asset turnover indicates that the company is more effective in utilizing its assets to generate sales.
Analyzing the total asset turnover of H&R Block Inc over the past 20 quarters, we see fluctuations in the ratio. The total asset turnover ranged from as low as 0.51 to as high as 1.36. The company's highest total asset turnover was observed in the quarter ending September 30, 2023. This indicates that during that period, H&R Block was able to generate $1.36 in revenue for every dollar of assets it had.
On the other hand, the lowest total asset turnover was seen in the quarter ending July 31, 2020, at 0.51. This suggests that during that period, the company's efficiency in utilizing its assets to generate revenue was relatively low.
Overall, the trend in H&R Block's total asset turnover ratio demonstrates variability over the quarters. Investors and analysts may further investigate the factors influencing these fluctuations to assess the company's asset management efficiency.
Peer comparison
Jun 30, 2024