Broadridge Financial Solutions Inc (BR)

Total asset 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
Total assets US$ in thousands 8,242,400 8,215,400 7,999,800 8,071,200 8,233,200 8,432,300 8,051,300 8,090,600 8,168,800 8,349,500 8,115,900 8,028,400 8,119,800 5,186,800 4,858,300 4,749,700 4,889,800 4,913,500 4,384,600 4,220,100
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

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,506,800K ÷ $8,242,400K
= 0.79

Broadridge Financial Solutions Inc's total asset turnover has exhibited fluctuations over the past few periods, ranging from 0.65 to 1.02. The total asset turnover ratio measures how efficiently the company is using its assets to generate revenue. A higher ratio indicates that the company is generating more revenue per dollar of assets, reflecting better asset utilization.

Looking at the trend, the total asset turnover ratio has generally been increasing over the past few quarters, reaching a peak of 1.02 in the fourth quarter of 2019. This suggests that Broadridge has been more efficient in generating revenue with its assets during that period. However, the ratio has since experienced some fluctuations, hovering around the range of 0.70 to 0.80 in recent quarters.

It is important for Broadridge to continue monitoring and managing its asset turnover ratio to ensure optimal asset utilization and profitability. Any significant shifts in this ratio may indicate changes in the company's efficiency in utilizing its assets to generate revenue, which can have implications for its overall financial performance and competitiveness in the market.


Peer comparison

Jun 30, 2024