H&R Block Inc (HRB)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 838,756 | 862,631 | -1,781 | -21,366 | -30,821 | -110,040 | 705,600 | 709,969 | 740,379 | 1,515,358 | 369,221 | 439,174 | 769,188 | 350,559 | 460,507 | 423,474 | 79,038 | 562,167 | 572,043 | 600,350 |
| Long-term debt | US$ in thousands | 1,491,100 | 1,490,570 | 2,290,040 | 1,489,510 | 1,488,970 | 1,488,460 | 2,067,940 | 1,487,410 | 1,486,880 | 1,486,530 | 1,760,830 | 1,984,510 | 1,490,040 | 2,369,570 | 1,559,090 | 3,495,920 | 2,845,870 | 1,880,590 | 980,299 | 1,493,290 |
| 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 |
| Return on total capital | 53.03% | 63.39% | -0.12% | -1.87% | -2.03% | -7.58% | 49.53% | 58.08% | 43.59% | 98.95% | 26.60% | 21.96% | 41.75% | 19.10% | 36.00% | 11.66% | 2.71% | 35.99% | 63.24% | 33.65% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $838,756K ÷ ($1,491,100K + $90,594K)
= 53.03%
The return on total capital for H&R Block Inc has shown fluctuating performance over the past few quarters. In the most recent quarter ending June 30, 2024, the return on total capital was 53.03%, a decrease from the previous quarter, where it was 63.39%. Looking further back, the return on total capital was negative for the quarters ending March 31, 2023, and December 31, 2023, at -7.58% and -0.12% respectively.
The return on total capital for H&R Block Inc has demonstrated significant variability, with a wide range of performance levels observed across different quarters. The company experienced a notable improvement in return on total capital for the quarters ending March 31, 2022, and December 31, 2022, where the figures were 98.95% and 49.53% respectively. However, the return on total capital declined in the quarters ending March 31, 2023, and June 30, 2023, registering -7.58% and -2.03% respectively.
Overall, the return on total capital for H&R Block Inc has not shown a consistent trend over the analyzed period, with fluctuations observed in performance levels. It is important for investors and stakeholders to closely monitor the company's capital efficiency and profitability metrics to assess its financial health and performance over time.
Peer comparison
Jun 30, 2024