Broadridge Financial Solutions Inc (BR)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,889,200 | 6,768,100 | 6,682,900 | 6,498,700 | 6,506,900 | 6,401,600 | 6,320,800 | 6,208,700 | 6,060,900 | 5,944,800 | 5,832,800 | 5,799,500 | 5,709,100 | 5,517,800 | 5,373,900 | 5,169,200 | 4,993,700 | 4,824,000 | 4,684,100 | 4,597,900 |
| Receivables | US$ in thousands | 1,077,100 | 1,184,200 | 1,040,300 | 895,300 | 1,065,600 | 1,165,100 | 892,200 | 916,200 | 974,000 | 1,096,200 | 860,200 | 840,100 | 946,900 | 988,000 | 779,500 | 730,000 | 820,300 | 871,000 | 625,000 | 619,100 |
| Receivables turnover | 6.40 | 5.72 | 6.42 | 7.26 | 6.11 | 5.49 | 7.08 | 6.78 | 6.22 | 5.42 | 6.78 | 6.90 | 6.03 | 5.58 | 6.89 | 7.08 | 6.09 | 5.54 | 7.49 | 7.43 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,889,200K ÷ $1,077,100K
= 6.40
The receivables turnover ratio for Broadridge Financial Solutions Inc. demonstrates notable fluctuations over the analyzed period from September 2020 through June 2025. Early in the period, the ratio remained relatively stable around 7.43 times as of September 30, 2020, and increased slightly to 7.49 by the end of 2020, indicating efficient collection of accounts receivable during that time frame.
However, a decline is observed in the first quarter of 2021, with the ratio dropping to approximately 5.54, which suggests a slowdown in collections or possible extension of credit terms. This lower level persisted through the subsequent quarter, then recovered somewhat to around 7.08 by September 2021, pointing to an improvement in receivables management.
During 2022, the ratio exhibited some volatility, with values ranging between approximately 5.42 in the first quarter and 6.90 by September 30, 2022. The decrease to 5.42 in the first quarter of 2023 indicates a potential weakening in receivables collection efficiency, possibly reflecting increased credit extension or collection challenges. Nevertheless, the ratio improved again to 6.78 by September 2023 and maintained a relatively steady level of around 6.42 in December 2023.
From 2024 onwards, the ratio displayed some upward momentum, reaching a peak of 7.26 as of September 2024, before slightly declining to 6.42 in December 2024. In the first half of 2025, the ratio exhibited moderate increases, culminating at 6.40 in June 2025. Overall, the data shows a pattern of periodic deterioration and recovery, with the receivables turnover ratio generally oscillating within a range roughly between 5.4 and 7.3 times.
This fluctuation suggests that Broadridge has experienced varying degrees of efficiency in collecting receivables, possibly influenced by changes in credit policies, customer payment behaviors, or broader economic conditions. The periods of lower turnover ratios could indicate extended credit terms or collection difficulties, while the periods of higher ratios reflect improved collection efficiency. Despite some variability, the ratios tend to hover around an average of approximately 6 to 7 times over the analyzed years.
Peer comparison
Jun 30, 2025