Broadridge Financial Solutions Inc (BR)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	6,506,800	6,247,900	6,165,000	6,056,600	5,917,200	5,818,600	5,726,600	5,706,800	5,621,400	5,451,700	5,316,100	5,122,100	4,954,600	4,784,900	4,640,300	4,550,700	4,482,700	4,332,000	4,311,500	4,300,300
Property, plant and equipment	US$ in thousands	162,200	155,000	143,200	144,000	145,700	138,100	143,300	145,100	150,900	164,700	169,700	167,200	177,200	167,200	167,100	161,700	161,600	153,900	137,500	186,200
Fixed asset turnover		40.12	40.31	43.05	42.06	40.61	42.13	39.96	39.33	37.25	33.10	31.33	30.63	27.96	28.62	27.77	28.14	27.74	28.15	31.36	23.10

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,506,800K ÷ $162,200K
= 40.12

The fixed asset turnover ratio for Broadridge Financial Solutions Inc has shown a generally increasing trend over the past few quarters, indicating improved efficiency in utilizing its fixed assets to generate revenue. The ratio has ranged from a low of 23.10 in Q4 2019 to a high of 43.05 in Q4 2023.

The company's ability to generate sales from its fixed assets has been consistently high, with the ratio consistently above 30 in recent quarters. This indicates that Broadridge Financial Solutions Inc is efficiently utilizing its fixed assets to generate revenue, which is a positive sign for investors and creditors.

The upward trend in the fixed asset turnover ratio suggests that the company is effectively managing its assets to drive sales growth and improve profitability. However, it is important to continue monitoring the ratio in future periods to ensure that asset utilization remains efficient and effective in supporting the company's overall financial performance.