H&R Block Inc (HRB)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 595,317 | 553,700 | 553,674 | 583,791 | -7,526 |
| Total assets | US$ in thousands | 3,218,810 | 3,072,260 | 3,269,160 | 3,653,650 | 5,112,050 |
| ROA | 18.49% | 18.02% | 16.94% | 15.98% | -0.15% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $595,317K ÷ $3,218,810K
= 18.49%
The return on assets (ROA) for H&R Block Inc has shown a consistent upward trend over the past five years. The ROA increased from -0.15% in April 2020 to 18.49% in June 2024, indicating a significant improvement in the company's ability to generate profits from its assets. This upward trend suggests that H&R Block has been effectively utilizing its assets to generate earnings for its shareholders. The consistent increase in ROA reflects positively on the company's management efficiency and profitability. Overall, the improving trend in ROA indicates that H&R Block has been successful in efficiently managing its assets to generate higher returns over the years.
Peer comparison
Jun 30, 2024