Broadridge Financial Solutions Inc (BR)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	6,506,800	6,247,900	6,165,000	6,056,600	5,917,200	5,818,600	5,726,600	5,706,800	5,621,400	5,451,700	5,316,100	5,122,100	4,954,600	4,784,900	4,640,300	4,550,700	4,482,700	4,332,000	4,311,500	4,300,300
Receivables	US$ in thousands	-9,700	-7,900	-6,600	-6,600	-7,200	-6,900	-5,900	-6,100	-6,800	-5,200	-5,800	-6,400	-9,300	-8,200	-7,100	-7,500	-9,800	-3,800	-2,700	-2,100
Receivables turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,506,800K ÷ $-9,700K
= —

The receivables turnover ratio for Broadridge Financial Solutions Inc is not provided in the data table. Receivables turnover is a financial ratio that measures how efficiently a company is collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more quickly.

To calculate the receivables turnover ratio for Broadridge Financial Solutions Inc, we would need the accounts receivable balances for each of the periods mentioned in the data table. By dividing the net credit sales by the average accounts receivable balance, we would be able to compute the receivables turnover ratio for each period.

A trend analysis of the receivables turnover ratio over multiple periods can provide insight into the company's ability to collect outstanding receivables efficiently. A consistent or increasing receivables turnover ratio may indicate effective credit management and collection practices, while a declining ratio could signal potential credit or collection issues that need to be addressed.