Broadridge Financial Solutions Inc (BR)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	5,963,100	5,599,800	5,571,800	5,521,800	5,476,800	5,507,000	5,443,500	5,461,200	5,367,400	5,171,300	4,949,500	4,644,500	4,465,700	4,251,500	4,124,600	4,091,000	3,991,800	3,887,800	3,855,400	3,788,700
Inventory	US$ in thousands	30,500	—	0	—	34,100	0	0	0	29,300	—	—	—	23,200	—	—	—	21,500	—	—	—
Inventory turnover		195.51	—	—	—	160.61	—	—	—	183.19	—	—	—	192.49	—	—	—	185.67	—	—	—

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,963,100K ÷ $30,500K
= 195.51

The inventory turnover ratio for Broadridge Financial Solutions Inc has been consistently high over the various quarters, indicating that the company is efficiently managing its inventory levels. An inventory turnover of 195.51 for June 30, 2024, suggests that the company sold and replaced its inventory more than 195 times during that period. This high turnover rate is a positive sign of effective inventory management and liquidity.

Furthermore, comparing this figure to the previous available data points, a trend of consistently high inventory turnover ratios can be observed, with ratios ranging from 160.61 to 192.49 in the preceding quarters. This indicates that the company has been able to maintain a strong control over its inventory levels and keep them moving efficiently.

Overall, the high and consistent inventory turnover ratios of Broadridge Financial Solutions Inc reflect the company's effective inventory management practices and its ability to quickly turn its inventory into sales, which can lead to improved cash flow and profitability.