Broadridge Financial Solutions Inc (BR)

Number of days of payables

		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
Payables turnover		18.99	35.42	40.82	38.56	34.82	29.96	32.06	32.68	21.92	26.18	25.75	29.60	17.94	23.32	31.34	34.09	26.30	26.54	41.59	42.28
Number of days of payables	days	19.22	10.31	8.94	9.47	10.48	12.18	11.39	11.17	16.65	13.94	14.17	12.33	20.34	15.65	11.65	10.71	13.88	13.75	8.78	8.63

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.99
= 19.22

Broadridge Financial Solutions Inc's number of days of payables has shown some variability over the periods analyzed. The average number of days of payables over the given periods is approximately 12.64 days. The trend indicates that the company takes about 12.64 days on average to pay its suppliers and vendors.

Looking at the specific data points, the number of days of payables has ranged from a low of 8.78 days to a high of 20.34 days. It is important to note that a lower number of days of payables generally indicates that the company is taking longer to pay its suppliers, which may be seen as favorable in terms of managing cash flow. Conversely, a higher number of days of payables could signify potential liquidity issues or strained supplier relationships.

Overall, the analysis of Broadridge Financial Solutions Inc's number of days of payables provides insight into the company's payment practices and its ability to manage its working capital effectively. Investors and stakeholders should consider this metric along with other financial ratios and indicators to gain a comprehensive understanding of the company's financial health.