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