H&R Block Inc (HRB)
Working capital 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 current assets | US$ in thousands | 1,239,480 | 1,265,350 | 898,885 | 631,840 | 1,187,490 | 1,302,820 | 775,855 | 724,438 | 1,384,460 | 1,868,040 | 1,239,600 | 1,495,750 | 1,699,720 | 1,220,640 | 592,913 | 2,997,340 | 3,086,740 | 1,301,960 | 601,412 | 946,705 |
| Total current liabilities | US$ in thousands | 977,328 | 1,243,560 | 745,587 | 792,786 | 938,782 | 1,115,580 | 645,833 | 790,223 | 998,813 | 1,692,880 | 1,171,440 | 752,969 | 1,163,080 | 691,483 | 552,603 | 765,958 | 1,575,620 | 1,337,620 | 1,263,960 | 732,969 |
| Working capital turnover | 13.47 | 160.68 | 22.27 | — | 13.67 | 18.24 | 26.01 | — | 8.75 | 26.55 | 42.53 | 3.92 | 6.16 | 5.26 | 74.17 | 1.35 | 1.71 | — | — | 14.10 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,531,769K ÷ ($1,239,480K – $977,328K)
= 13.47
The working capital turnover ratio of H&R Block Inc has shown fluctuations over the recent quarters, indicating variations in the efficiency of the company in utilizing its working capital to generate revenue.
The working capital turnover ratio stood at 13.47 as of June 30, 2024, which indicates that the company generated $13.47 of revenue for every dollar of working capital invested during that period. This signifies a relatively stable performance as compared to the previous quarter's exceptionally high ratio of 160.68, which may have been influenced by specific factors impacting working capital management.
The working capital turnover ratios for the prior quarters also demonstrate a mix of higher and lower efficiency levels. For instance, the ratio of 22.27 as of December 31, 2023, was lower than the preceding quarter, while the ratio of 26.01 as of December 31, 2022, marked a higher efficiency in utilizing working capital.
The lack of data for certain periods, such as in September 30, 2023, and September 30, 2022, makes it difficult to provide a continuous trend analysis. However, the overall trend indicates fluctuations in working capital efficiency, suggesting the need for consistent monitoring and management of working capital investments to optimize revenue generation.
Peer comparison
Jun 30, 2024