Broadridge Financial Solutions Inc (BR)
Working capital 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 current assets | US$ in thousands | 1,540,900 | 1,392,500 | 1,328,400 | 1,261,300 | 1,328,000 |
| Total current liabilities | US$ in thousands | 1,421,800 | 2,397,800 | 1,313,400 | 1,288,000 | 1,341,000 |
| Working capital turnover | 54.63 | — | 374.76 | — | — |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,506,800K ÷ ($1,540,900K – $1,421,800K)
= 54.63
The working capital turnover ratio, a measure of a company's efficiency in utilizing its working capital to generate sales revenue, for Broadridge Financial Solutions Inc has shown significant fluctuations over the years. In 2024, the working capital turnover ratio stood at 54.63, indicating that the company generated $54.63 in revenue for every dollar of working capital invested.
However, data for the interim years is missing, making it difficult to trace a consistent trend. In 2023, the ratio was not available, while in 2022, it surged to a high of 374.76, suggesting a substantial increase in the company's efficiency in utilizing its working capital. Further, no data is available for the years 2021 and 2020, thereby limiting the ability to perform a continuous analysis over the entire period.
Overall, it is essential for Broadridge Financial Solutions Inc to provide complete and consistent data over multiple periods to facilitate a more thorough assessment of its working capital turnover and refine operational strategies accordingly.
Peer comparison
Jun 30, 2024