Broadridge Financial Solutions Inc (BR)
Days of inventory on hand (DOH)
| 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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 195.51 | — | — | — | 160.61 | — | — | — | 183.19 | — | — | — | 192.49 | — | — | — | 185.67 | — | — | — | |
| DOH | days | 1.87 | — | — | — | 2.27 | — | — | — | 1.99 | — | — | — | 1.90 | — | — | — | 1.97 | — | — | — |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 195.51
= 1.87
The days of inventory on hand (DOH) for Broadridge Financial Solutions Inc has fluctuated over the past few quarters. In the most recent quarter ending June 30, 2024, the company had an inventory turnover of 1.87 days, indicating that on average, it takes approximately 1.87 days for Broadridge to sell its inventory.
It is important to note that there are missing data points in some quarters, which may be due to various reasons such as changes in reporting practices or seasonal fluctuations in inventory levels. However, based on the available data points, we can observe a trend of relatively low DOH figures, suggesting that Broadridge efficiently manages its inventory levels and is able to swiftly convert inventory into sales.
Overall, a low DOH indicates efficient inventory management, as it means the company is not tying up excessive capital in inventory and is able to sell products quickly. This can lead to cost savings, improved cash flow, and potentially higher profitability for Broadridge Financial Solutions Inc.
Peer comparison
Jun 30, 2024