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.