H&R Block Inc (HRB)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 595,317 | 639,771 | 592,463 | 558,639 | 553,700 | 474,132 | 503,880 | 536,854 | 553,674 | 1,280,223 | 374,052 | 340,931 | 583,791 | 94,942 | 198,253 | 233,980 | -7,526 | 409,980 | 413,209 | 424,932 |
| 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 |
| ROA | 18.49% | 19.91% | 21.34% | 22.25% | 18.02% | 15.01% | 19.43% | 20.98% | 16.94% | 33.86% | 12.07% | 10.12% | 15.98% | 3.00% | 7.76% | 4.68% | -0.15% | 11.88% | 14.99% | 13.66% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $595,317K ÷ $3,218,810K
= 18.49%
H&R Block Inc's return on assets (ROA) has fluctuated over the past few quarters, ranging from a low of -0.15% to a high of 33.86%. The ROA indicates how efficiently the company is utilizing its assets to generate profit.
In the most recent quarter, the ROA was 18.49%, showing a moderate level of profitability relative to its asset base. This is a slight decrease from the prior quarter's ROA of 19.91%. The company experienced a peak ROA of 33.86% in the first quarter of 2022, suggesting strong asset efficiency and profitability during that period.
While there have been fluctuations in the ROA performance, which can be influenced by various factors such as operational efficiency, asset management, and overall financial health, it is important for investors and analysts to assess these trends over time to gain insights into the company's financial performance and effectiveness in utilizing its assets.
Peer comparison
Jun 30, 2024