Broadridge Financial Solutions Inc (BR)

Number of days of payables

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Payables turnover 21.57 22.80 23.51 27.22 14.56 28.33 32.45 30.45 27.18 23.19 24.75 25.09 16.81 20.19 20.13 23.57 14.35 18.86 25.46 27.71
Number of days of payables days 16.92 16.01 15.53 13.41 25.06 12.88 11.25 11.99 13.43 15.74 14.75 14.55 21.71 18.08 18.13 15.49 25.44 19.35 14.34 13.17

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 21.57
= 16.92

The analysis of Broadridge Financial Solutions Inc.’s days payable outstanding (DPO) over the period from September 2020 to June 2025 reveals fluctuations that reflect changes in the company's approach to settling its payables.

Initially, the DPO was approximately 13.17 days at the end of September 2020, indicating a relatively prompt payment cycle. This figure increased steadily over the subsequent periods, reaching a peak of 25.44 days by June 2021, which suggests that the company extended its payment window significantly during that interval, possibly to optimize cash flow or manage liquidity more effectively.

Following this peak, the DPO exhibited variability: it decreased to 15.49 days at the end of September 2021 but then increased again to approximately 21.71 days by June 2022. The trend continued to fluctuate with a period of stabilization around 14.55 days in September 2022 and 14.75 days in December 2022, reflecting a more conservative or balanced approach to payables.

In early 2023, the DPO increased slightly to 15.74 days, then significantly decreased to 13.43 days by June 2023, indicating a shift towards faster payment cycles. Subsequently, the DPO further declined to 11.99 days in September 2023 and even more to 11.25 days at the end of December 2023, suggesting an emphasis on prompt payments during this period.

Moving into 2024, the DPO reestablished an upward trend, rising to 12.88 days in March 2024 and markedly increasing to 25.06 days by June 2024, which may be associated with strategic modifications in payables management or external factors affecting payment terms. The DPO then decreased again to 13.41 days in September 2024, followed by a moderate increase to 15.53 days in December 2024, and continued to rise modestly through 2025, reaching 16.01 days in March and 16.92 days in June.

Overall, the company’s payables cycle has shown periods of both extension and contraction, reflecting dynamic management of payment strategies possibly influenced by market conditions, cash flow considerations, supplier negotiations, or internal policies aimed at optimizing financial performance.