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.
Peer comparison
Jun 30, 2024