H&R Block Inc (HRB)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 90,594 | -129,806 | -772,652 | -344,884 | 32,064 | -36,392 | -643,479 | -264,985 | 211,631 | 44,856 | -372,655 | 15,528 | 352,401 | -534,580 | -279,966 | 135,277 | 71,041 | -318,379 | -75,747 | 290,804 |
| ROE | 657.13% | — | — | — | 1,726.86% | — | — | — | 261.62% | 2,854.07% | — | 2,195.59% | 165.66% | — | — | 172.96% | -10.59% | — | — | 146.12% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $595,317K ÷ $90,594K
= 657.13%
H&R Block Inc's return on equity (ROE) has exhibited significant fluctuations over the past few quarters. The ROE was exceptionally high in the Jun 30, 2024, and Mar 31, 2022, periods at 657.13% and 2,854.07%, respectively. These figures suggest that the company has been able to generate substantial profits relative to its shareholders' equity during those periods.
However, the ROE was negative in the Jan 31, 2020, quarter at -10.59%, indicating that the company experienced a loss relative to its equity during that period. This negative performance could be a cause for concern as it indicates a potential inefficiency in the company's operations or financial management.
Overall, the fluctuating ROE figures for H&R Block Inc reflect the variability in the company's profitability and efficiency in generating returns for its shareholders. Further analysis of the company's financial and operational performance would be necessary to understand the drivers behind these fluctuations and to assess the company's long-term sustainability and growth prospects.
Peer comparison
Jun 30, 2024