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H&R Block Inc (NYSE:HRB)
Days Inventory
0.00 (As of Jul. 2014)

H&R Block Inc's average inventory for the three months ended in Jul. 2014 was $0 Mil. H&R Block Inc's cost of goods sold for the three months ended in Jul. 2014 was $212 Mil. Hence, H&R Block Inc's days inventory for the three months ended in Jul. 2014 was 0.00.

H&R Block Inc's days inventory stayed the same from Jul. 2013 (0.00) to Jul. 2014 (0.00).

Inventory can be measured by Days Sales of Inventory (DSI).

Inventory turnover measures how fast the company turns over its inventory within a year.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. H&R Block Inc's inventory to revenue ratio for the three months ended in Jul. 2014 was 0.00.


Definition

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

H&R Block Inc's Days Inventory for the fiscal year that ended in Apr. 2014 is calculated as

Days Inventory
=( (Inventory (A: Apr. 2013 )+Inventory (A: Apr. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (0+0)/ 2 )/1627.656*365
=0/1627.656*365
=0.00

H&R Block Inc's Days Inventory for the quarter that ended in Jul. 2014 is calculated as:

Days Inventory
=( (Inventory (Q: Apr. 2014 )+Inventory (Q: Jul. 2014 ))/ 2 )/Cost of Goods Sold*Days in Period
=( (0+0)/ 2 )/211.521*365 / 4
=0/211.521*365 / 4
=0.00

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

H&R Block Inc's Days Sales of Inventory for the three months ended in Jul. 2014 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=0/133.586*365 / 4
=

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

H&R Block Inc's Inventory Turnover for the three months ended in Jul. 2014 is calculated as

3. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

H&R Block Inc's Inventory to Revenue for the three months ended in Jul. 2014 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

H&R Block Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
DaysInventory 0.000.000.000.000.000.000.000.000.000.00

H&R Block Inc Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
DaysInventory 0.000.000.000.000.000.000.000.000.000.00
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