Broadridge Financial Solutions Inc (BR)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 195.51 | — | — | — | 160.61 | — | — | — | 183.19 | — | — | — | 192.49 | — | — | — | 185.67 | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Working capital turnover | 54.63 | 14.11 | 15.71 | 15.03 | — | 14.36 | 21.71 | 24.78 | 374.76 | 17.13 | 29.73 | 20.97 | — | 12.73 | 14.94 | 12.10 | — | 40.87 | — | 79.34 |
Broadridge Financial Solutions Inc's inventory turnover ratio has been consistently high over the periods analyzed, peaking at 195.51 in June 2024. This indicates that the company is efficient in managing its inventory levels and converting them into sales quickly.
The receivables turnover ratio data is not available, making it difficult to assess how efficiently the company is collecting on its receivables from customers.
The payables turnover ratio has shown some variability but generally indicates that Broadridge is taking a moderate amount of time to pay its suppliers. A higher ratio could signal a potential issue with cash flow or supplier relationships, while a lower ratio might suggest aggressive payment terms or potential liquidity problems.
The working capital turnover ratio has fluctuated significantly, with some periods showing a very high turnover and others exhibiting much lower levels. A high turnover typically indicates efficient utilization of working capital to generate sales, while a low turnover may suggest inefficiencies in managing working capital.
Overall, the analysis of Broadridge's activity ratios suggests that the company is effectively managing its inventory levels and working capital to drive sales, but further evaluation of receivables turnover and ongoing monitoring of payables turnover are recommended to gain a more comprehensive understanding of the company's financial performance.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 1.87 | — | — | — | 2.27 | — | — | — | 1.99 | — | — | — | 1.90 | — | — | — | 1.97 | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
Days of inventory on hand (DOH) for Broadridge Financial Solutions Inc have fluctuated over the periods provided, ranging from a low of 1.87 days to a high of 2.27 days. A lower number of days of inventory on hand generally indicates efficient inventory management and a quicker turnover of inventory.
Days of sales outstanding (DSO) data is missing for all periods, making it difficult to assess how quickly Broadridge collects its accounts receivable. Ideally, a lower DSO value would suggest that the company is efficient in collecting payments from its customers.
The number of days of payables for Broadridge has varied significantly, with values ranging from 8.78 days to 20.34 days. A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, potentially improving cash flow but possibly straining supplier relationships.
Overall, a detailed trend analysis of these activity ratios over time would provide deeper insights into Broadridge's operational efficiency and liquidity management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 40.12 | 40.31 | 43.05 | 42.06 | 40.61 | 42.13 | 39.96 | 39.33 | 37.25 | 33.10 | 31.33 | 30.63 | 27.96 | 28.62 | 27.77 | 28.14 | 27.74 | 28.15 | 31.36 | 23.10 |
| Total asset turnover | 0.79 | 0.76 | 0.77 | 0.75 | 0.72 | 0.69 | 0.71 | 0.71 | 0.69 | 0.65 | 0.66 | 0.64 | 0.61 | 0.92 | 0.96 | 0.96 | 0.92 | 0.88 | 0.98 | 1.02 |
Broadridge Financial Solutions Inc's fixed asset turnover ratio has been consistently high over the past few quarters, indicating that the company is generating significant revenue relative to its investment in fixed assets. This suggests efficient utilization of fixed assets to generate sales.
On the other hand, the total asset turnover ratio has shown fluctuations but generally indicates a moderate level of efficiency in generating sales from total assets. The ratio has varied between 0.61 and 0.98 over the past quarters.
Overall, Broadridge Financial Solutions Inc's long-term activity ratios suggest that the company is effectively managing its assets to generate revenue, with a particularly strong performance in terms of utilizing fixed assets to drive sales.