Broadridge Financial Solutions Inc (BR)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,752,300 | 4,572,900 | 4,275,500 | 4,116,900 | 3,570,800 |
| Inventory | US$ in thousands | — | 30,500 | 34,100 | 29,300 | 23,200 |
| Inventory turnover | — | 149.93 | 125.38 | 140.51 | 153.91 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,752,300K ÷ $—K
= —
The inventory turnover ratios for Broadridge Financial Solutions Inc. over the specified periods demonstrate a pattern of fluctuation. As of June 30, 2021, the ratio stood at 153.91, indicating a high frequency of inventory sold and replenished within the year. In the subsequent year, June 30, 2022, this ratio declined to 140.51, reflecting a decrease in inventory turnover efficiency. The downward trajectory continued into June 30, 2023, reaching 125.38, which suggests a further reduction in inventory turnover relative to previous years.
However, in the following year, June 30, 2024, the inventory turnover ratio demonstrated a notable recovery to 149.93. This increase indicates an improvement in inventory management practices, with inventory being sold and replenished more swiftly compared to 2023. The most recent data point for June 30, 2025, is unavailable, indicated by a dash, which precludes analysis of the latest trend.
Overall, the pattern reflects a period of decline in inventory turnover from 2021 to 2023, followed by a significant rebound in 2024. Such fluctuations may result from variations in sales volume, changes in inventory management strategies, or shifts in product demand. The high ratios across all observed years suggest that Broadridge tends to maintain efficient inventory cycles, although the dip in 2022 and 2023 could be indicative of operational challenges or strategic adjustments during that period.
Peer comparison
Jun 30, 2025