Broadridge Financial Solutions Inc (BR)
Payables turnover
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 4,752,300 | 4,709,700 | 4,661,100 | 4,572,500 | 4,572,800 | 4,478,900 | 4,429,300 | 4,360,300 | 4,275,400 | 4,263,100 | 4,203,000 | 4,193,200 | 4,116,900 | 3,986,800 | 3,869,700 | 3,697,800 | 3,570,800 | 3,438,300 | 3,350,300 | 3,324,700 |
Payables | US$ in thousands | 220,300 | 206,600 | 198,300 | 168,000 | 314,000 | 158,100 | 136,500 | 143,200 | 157,300 | 183,800 | 169,800 | 167,100 | 244,900 | 197,500 | 192,200 | 156,900 | 248,900 | 182,300 | 131,600 | 120,000 |
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 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,752,300K ÷ $220,300K
= 21.57
The payables turnover ratio of Broadridge Financial Solutions Inc. demonstrates notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the ratio stood at 27.71 at the end of September 2020, indicating a relatively high frequency of paying its suppliers within the fiscal year, suggesting efficient management of accounts payable or a pattern of quicker payments.
Throughout 2021, the ratio experienced a declining trend, reaching a low of 14.35 by June 2021. This decrease may suggest a deliberate extension of payment terms, slowed payables turnover, or changes in supplier payment strategies. The ratio recovered somewhat in the latter part of 2021 and into 2022, returning to around 20, with the highest point observed at 25.09 in September 2022.
The pattern continues with fluctuations, notably an increase to 32.45 in December 2023, the highest level exhibited in the dataset, implying a significant lengthening of payable periods or a strategic delay in payments. During this period, the ratio's rise can reflect either supply chain considerations, cash flow management strategies, or changes in supplier relationships.
However, the ratio then declines sharply to 14.56 in June 2024, signaling a rapid shortening of payable cycles or a response to changing operational priorities, before rising again to approximately 27.22 in September 2024 and subsequently settling around 23.51 by December 2024. The early part of 2025 shows a declining trend, with the ratio decreasing to 21.57 in June 2025.
Overall, the payables turnover ratio for Broadridge Financial Solutions Inc. exhibits considerable variability, with periods of both elongation and contraction in the payables cycle. Such fluctuations may reflect strategic shifts in payment policies, liquidity management approaches, or responses to operational and market factors impacting the company's payables practices over time.
Peer comparison
Jun 30, 2025