H&R Block Inc (HRB)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,761,000 | 3,610,350 | 3,472,180 | 3,463,270 | 3,413,990 |
| Total current assets | US$ in thousands | 1,162,550 | 1,239,480 | 1,187,490 | 1,384,460 | 1,699,720 |
| Total current liabilities | US$ in thousands | 1,298,610 | 977,328 | 938,782 | 998,813 | 1,163,080 |
| Working capital turnover | — | 13.77 | 13.96 | 8.98 | 6.36 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,761,000K ÷ ($1,162,550K – $1,298,610K)
= —
The analysis of H&R Block Inc's working capital turnover over the specified periods indicates a notable upward trend in efficiency. As of June 30, 2021, the working capital turnover ratio stood at 6.36, reflecting the company's ability to generate sales relative to its working capital. This ratio increased significantly over the subsequent years, reaching 8.98 by June 30, 2022, and further climbing to 13.96 by June 30, 2023. The ratio maintained a high level at 13.77 in the year ending June 30, 2024, suggesting sustained operational efficiency in utilizing working capital to support sales activities.
The substantial increases from 2021 through 2023 imply an improved capacity in managing current assets and liabilities more effectively, resulting in a higher volume of sales generated per unit of working capital invested. This trend demonstrates enhanced operational performance and possibly better inventory management, receivables collection, or payables management.
However, the data for June 30, 2025, is unavailable, precluding further analysis of the most recent year or any potential normalization or decline in this ratio. Overall, the consistent year-over-year growth in the working capital turnover ratio until 2024 suggests that H&R Block Inc has been increasingly efficient in leveraging its short-term assets and liabilities to generate sales, reflecting positively on the company's operational management and liquidity position during this period.
Peer comparison
Jun 30, 2025