Broadridge Financial Solutions Inc (BR)

Days of sales outstanding (DSO)

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Receivables turnover		6.40	5.72	6.42	7.26	6.11	5.49	7.08	6.78	6.22	5.42	6.78	6.90	6.03	5.58	6.89	7.08	6.09	5.54	7.49	7.43
DSO	days	57.07	63.86	56.82	50.28	59.77	66.43	51.52	53.86	58.66	67.30	53.83	52.87	60.54	65.36	52.94	51.55	59.96	65.90	48.70	49.15

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.40
= 57.07

The analysis of Broadridge Financial Solutions Inc.'s days of sales outstanding (DSO) over the period from September 2020 through June 2025 reveals notable fluctuations and a general trend of variability.

Initially, the DSO was relatively low at 49.15 days in September 2020, indicating efficient collection periods. This figure experienced a slight decrease by the end of 2020, reaching 48.70 days in December. However, starting in early 2021, the DSO showed a marked increase, reaching a peak of approximately 65.90 days in March 2021, suggesting a slowdown in receivables collection or an increase in credit extended.

Following the peak, the DSO experienced some fluctuations, with a decline to 51.55 days in September 2021 and a subsequent minor increase to around 52.94 days by the end of 2021. In 2022, the DSO continued to oscillate, peaking again at 65.36 days in March before decreasing to approximately 52.87 days in September 2022. By the end of 2022, the DSO was at 53.83 days.

Throughout 2023, there was an upward trend with the DSO peaking at 67.30 days in March, then declining somewhat to 58.66 days in June, and rising again to 53.86 days by September 2023. This period indicates ongoing variability, with the DSO remaining in the mid 50s to low 60s range.

In late 2023 and early 2024, the DSO demonstrated a modest decline to around 51.52 days in December 2023, followed by an increase to 66.43 days in March 2024, and subsequently a reduction to 50.28 days in September 2024. The fluctuations suggest periods of either delayed collections or seasonal factors affecting receivables turnover.

Looking further into 2024 and into mid-2025, the DSO generally hovered in the mid 50s range, with some peaks such as 63.86 days in March 2025, and some declines to approximately 57.07 days in June 2025.

Overall, the DSO for Broadridge has demonstrated a cyclical pattern with periods of rising and falling values, reaching highs exceeding 67 days and lows near 50 days. The variability suggests that the company’s collections cycle and credit policies may fluctuate periodically, potentially influenced by macroeconomic factors, client payment behaviors, or changes in credit terms. The recent trend shows some stabilization around the low to mid 50-day range, indicating potentially improved collection efficiency or changes in receivables management.