H&R Block Inc (HRB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 90,594 | 32,064 | 211,631 | 352,401 | 71,041 |
| ROE | 657.13% | 1,726.86% | 261.62% | 165.66% | -10.59% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $595,317K ÷ $90,594K
= 657.13%
H&R Block Inc's return on equity (ROE) has shown significant fluctuations over the past five years. In Jun 30, 2024, the company achieved an ROE of 657.13%, which represents a considerable decrease compared to the previous year where the ROE was 1,726.86%. The ROE in Jun 30, 2022, stood at 261.62%, indicating a notable improvement from the ROE of 165.66% in Apr 30, 2021. However, in Apr 30, 2020, the company experienced a negative ROE of -10.59%.
These variations in ROE suggest that H&R Block Inc's profitability and efficiency in generating returns for its shareholders have been volatile. A high ROE indicates that the company is effectively utilizing its equity to generate profits, while a negative ROE may signal operational inefficiencies or financial difficulties.
It is crucial for investors and stakeholders to closely monitor H&R Block Inc's ROE trends to assess the company's financial performance and sustainability in the long term. Further analysis of the factors driving these fluctuations in ROE would provide valuable insights into the company's operations and strategic decisions.
Peer comparison
Jun 30, 2024