Broadridge Financial Solutions Inc (BR)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 6,889,200 6,768,100 6,682,900 6,498,700 6,506,900 6,401,600 6,320,800 6,208,700 6,060,900 5,944,800 5,832,800 5,799,500 5,709,100 5,517,800 5,373,900 5,169,200 4,993,700 4,824,000 4,684,100 4,597,900
Property, plant and equipment US$ in thousands — 333,200 337,000 342,900 — — — 144,000 145,700 138,100 143,300 359,800 150,900 164,700 169,700 167,200 177,200 167,200 167,100 161,700
Fixed asset turnover — 20.31 19.83 18.95 — — — 43.12 41.60 43.05 40.70 16.12 37.83 33.50 31.67 30.92 28.18 28.85 28.03 28.43

June 30, 2025 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,889,200K ÷ $—K
= —

The fixed asset turnover ratio for Broadridge Financial Solutions Inc. demonstrates notable fluctuations over the examined period. At the start of the period, as of September 30, 2020, the ratio was approximately 28.43, reflecting the company's efficiency in generating revenue from its fixed assets. This ratio experienced modest declines and advances through the subsequent quarters, maintaining a range between approximately 28.03 and 33.50 up to March 31, 2022, indicating steady utilization of fixed assets relative to revenue.

A significant upward trend is observable starting in September 2021, with the ratio increasing sharply, reaching a peak of 37.83 by June 30, 2022. This suggests an improvement in asset efficiency, potentially due to operational enhancements or more effective utilization of fixed assets. The ratio rose further to 40.70 in December 2022 and continued ascending to 43.05 as of March 2023, indicating sustained improvements in asset productivity.

However, a sharp decline is apparent in September 2022, where the ratio falls drastically to 16.12, representing a temporary reduction in fixed asset efficiency. This anomaly could be attributable to specific operational issues, asset impairments, or a sudden increase in revenue that temporarily outpaced the fixed asset base. Subsequently, the ratio recovered, returning to levels above 40 in the following periods, maintaining around 41.60 to 43.12 through June and September 2023.

Forecasts for December 2023 through June 2024 are unavailable; however, the trend from the last available data (September 2023 to December 2024) indicates a slow downward adjustment, with the ratio decreasing from 43.12 to approximately 19.83 by December 2024. This indicates a significant reduction in fixed asset productivity or an increase in fixed asset base relative to revenue during this period.

Overall, the ratio exhibits periods of both stability and volatility, reflecting the company's varying efficiency in leveraging its fixed assets to generate revenue over time. The historical peaks suggest periods of optimized asset utilization, while the intermittent declines highlight potential challenges or strategic changes impacting asset productivity.