H&R Block (H&R Block) Sloan Ratio %

H&R Block Annual Data
	Trend	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Jun22	Jun23
Sloan Ratio %							-0.88	6.92	0.09	-5.45	-5.43

H&R Block Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %																-12.32	-11.18	-5.43	-6.45	0.20

For the Personal Services subindustry, H&R Block's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

For the Personal Services industry and Consumer Cyclical sector, H&R Block's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where H&R Block's Sloan Ratio % falls into.

H&R Block Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

H&R Block's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as

H&R Block's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

H&R Block's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 643.429 (Mar. 2023 ) + 302.271 (Jun. 2023 ) + -163.482 (Sep. 2023 ) + -189.755 (Dec. 2023 ) = $592 Mil.
H&R Block's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 1278.844 (Mar. 2023 ) + 323.455 (Jun. 2023 ) + -334.989 (Sep. 2023 ) + -607.177 (Dec. 2023 ) = $660 Mil.
H&R Block's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -2.197 (Mar. 2023 ) + -0.102 (Jun. 2023 ) + -23.89 (Sep. 2023 ) + -47.155 (Dec. 2023 ) = $-73 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

H&R Block  (NYSE:HRB) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, H&R Block has a Sloan Ratio of 0.20%, indicating the company is in the safe zone and there is no funny business with accruals.

H&R Block Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of H&R Block's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

H&R Block (H&R Block) Business Description