H&R Block Inc (HRB)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,760,990 | 3,712,610 | 3,620,340 | 3,620,353 | 3,610,343 | 3,579,863 | 3,488,683 | 3,476,005 | 3,472,190 | 3,490,110 | 3,458,220 | 3,450,631 | 3,463,270 | 2,666,961 | 2,911,941 | 3,354,155 | 3,447,914 | 5,522,333 | 3,360,945 | 3,068,142 |
| Total assets | US$ in thousands | 3,263,900 | 3,245,010 | 2,712,320 | 2,549,970 | 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 | 3,653,650 | 3,653,650 | 3,168,360 |
| Total asset turnover | 1.15 | 1.14 | 1.33 | 1.42 | 1.12 | 1.11 | 1.26 | 1.38 | 1.13 | 1.11 | 1.33 | 1.35 | 1.06 | 0.71 | 0.94 | 1.00 | 0.94 | 1.51 | 0.92 | 0.97 |
June 30, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,760,990K ÷ $3,263,900K
= 1.15
The total asset turnover ratio for H&R Block Inc. exhibits notable fluctuations over the analyzed period. At the start of 2021, the ratio ranged from 0.92 to 0.97, indicating a relatively efficient utilization of assets in generating revenue during that period. A significant increase was observed in April 2021, where the ratio rose sharply to 1.51, suggesting an improvement in asset efficiency or a reduction in asset base relative to sales at that time. Following this peak, the ratio declined to 0.94 by June 2021 and maintained a value around 1.00 at the end of 2021.
In 2022, the ratio exhibited variability, decreasing to 0.71 in March 2022, which indicates a period of decreased asset efficiency, followed by an increase to 1.06 in June 2022 and further to 1.35 in September 2022. The ratio remained high at 1.33 in December 2022, reflecting a period of effective asset utilization.
The following year saw a decline to 1.11 in March 2023, but then a recovery to approximately 1.13 by June 2023. The ratio further increased to a peak of 1.38 in September 2023 before slightly decreasing to 1.26 at the end of 2023. For the initial quarters of 2024, the ratio hovered around 1.11 to 1.12 before rising again to 1.42 in September 2024. The subsequent period showed a slight decline to 1.33 in December 2024, with values around 1.14 to 1.15 in the first half of 2025.
Overall, H&R Block’s total asset turnover demonstrates a pattern of cyclical fluctuations, reflecting varying levels of asset efficiency over time. Periods of higher ratios indicate more effective use of assets in generating sales, while dips suggest periods of either asset expansion or reduced operational efficiency. The observed trend suggests that the company’s asset utilization has been generally stable with intermittent periods of optimization, aligning with seasonal or operational adjustments typical in the tax preparation industry.
Peer comparison
Jun 30, 2025