Broadridge Financial Solutions Inc (BR)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,965,500 | 5,479,500 | 5,377,000 | 4,533,300 | 4,086,700 |
| Payables | US$ in thousands | 314,000 | 157,300 | 244,900 | 248,900 | 151,800 |
| Payables turnover | 19.00 | 34.83 | 21.96 | 18.21 | 26.92 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $5,965,500K ÷ $314,000K
= 19.00
Broadridge Financial Solutions Inc's payables turnover has exhibited fluctuations over the past five years. The payables turnover ratio indicates how efficiently the company is managing its payables and paying its suppliers.
In 2024, the payables turnover ratio was 19.00, showing a decrease from the previous year's ratio of 34.83. This decrease suggests that Broadridge Financial Solutions Inc took longer to pay its suppliers in 2024 compared to 2023.
Comparing 2024 to 2022, the payables turnover ratio also decreased from 21.96 to 19.00. This indicates that the company took longer to clear its payables in 2024 than in 2022.
However, when comparing 2024 to 2021 and 2020, the payables turnover ratio increased from 18.21 and 26.92, respectively. This could suggest that Broadridge Financial Solutions Inc improved its efficiency in paying its suppliers in 2024 compared to 2021 and 2020.
Overall, the fluctuation in Broadridge Financial Solutions Inc's payables turnover ratios indicates varying levels of efficiency in managing and paying its suppliers over the past five years.
Peer comparison
Jun 30, 2024