Broadridge Financial Solutions Inc (BR)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.00 | 34.83 | 21.96 | 18.21 | 26.92 | |
| Number of days of payables | days | 19.21 | 10.48 | 16.62 | 20.04 | 13.56 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.00
= 19.21
Broadridge Financial Solutions Inc's number of days of payables has shown some variability over the past five years. In particular, there was a significant increase in the number of days of payables from 10.48 days in 2023 to 19.21 days in 2024. This suggests a potential slowdown in the company's ability to pay off its short-term obligations to suppliers or vendors.
Comparing the 2024 figure to the previous years, the number of days of payables was higher compared to 2022 and 2020, indicating a potential trend of delayed payments to suppliers. However, it was lower than the figure in 2021, where the company took longer to settle its payables.
Overall, the trend in Broadridge Financial Solutions Inc's number of days of payables highlights the importance of monitoring the company's ability to manage its payables effectively, as it can impact cash flow and relationships with suppliers.
Peer comparison
Jun 30, 2024