Broadridge Financial Solutions Inc (BR)
Total asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,506,800 | 5,917,200 | 5,621,400 | 4,936,200 | 4,466,500 |
| Total assets | US$ in thousands | 8,242,400 | 8,233,200 | 8,168,800 | 8,119,800 | 4,889,800 |
| Total asset turnover | 0.79 | 0.72 | 0.69 | 0.61 | 0.91 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,506,800K ÷ $8,242,400K
= 0.79
Broadridge Financial Solutions Inc's total asset turnover has shown a fluctuating trend over the past five years. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. The total asset turnover ratio has increased from 0.61 in 2021 to 0.79 in 2024, suggesting that the company has become more efficient in generating sales with its total assets.
However, it is important to note that the total asset turnover ratio was at its highest in 2020 at 0.91 before decreasing in the following years. This could imply a decrease in the company's ability to generate revenue from its assets in 2021 and 2022, although it has improved in 2024 compared to those years.
The trend in total asset turnover indicates changes in the company's efficiency in utilizing its assets to generate sales. Further analysis would be required to understand the factors influencing these fluctuations and to assess the sustainability of the improving trend seen in 2024.
Peer comparison
Jun 30, 2024