Broadridge Financial Solutions Inc (BR)

Fixed asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	6,889,100	6,506,800	6,060,900	5,709,100	4,993,700
Property, plant and equipment	US$ in thousands	—	348,400	145,700	150,900	177,200
Fixed asset turnover		—	18.68	41.60	37.83	28.18

June 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,889,100K ÷ $—K
= —

The fixed asset turnover ratio for Broadridge Financial Solutions Inc. demonstrates notable fluctuations over the period from June 30, 2021, to June 30, 2024. As of June 30, 2021, the ratio stood at 28.18, indicating the company generated approximately $28.18 in revenue for each dollar of net fixed assets. This ratio increased significantly to 37.83 by June 30, 2022, reflecting improved efficiency in utilizing fixed assets to generate sales. The upward trend continued into June 30, 2023, reaching 41.60, which suggests further enhancement in fixed asset utilization or operational efficiencies.

However, a sharp decline was observed in the following year, with the ratio decreasing to 18.68 by June 30, 2024. This substantial drop indicates a decline in the efficiency with which fixed assets are being employed to generate revenue, possibly due to increased capital expenditure, asset idling, or operational restructuring. The ratio is not available for June 30, 2025, indicating that data may be incomplete or that the measurement was not performed for that period.

Overall, the data reflects an initial period of improving fixed asset efficiency, followed by a significant deterioration. This trend warrants further investigation into underlying operational or strategic changes, such as asset expansion, divestitures, or shifts in business focus, to better understand the causes behind these movements.