Broadridge Financial Solutions Inc (BR)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 698,100 | 630,600 | 539,100 | 547,500 | 462,500 |
| Total assets | US$ in thousands | 8,242,400 | 8,233,200 | 8,168,800 | 8,119,800 | 4,889,800 |
| ROA | 8.47% | 7.66% | 6.60% | 6.74% | 9.46% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $698,100K ÷ $8,242,400K
= 8.47%
Broadridge Financial Solutions Inc's return on assets (ROA) has exhibited a generally positive trend over the past five years. The company's ROA increased from 9.46% in June 2020 to 8.47% in June 2024, indicating an improvement in the company's ability to generate profits from its assets.
Although there was a slight decrease in ROA in June 2021 and June 2022, the company managed to maintain a relatively stable performance, with ROA hovering above 6% during this period.
The upward movement in ROA from 2020 to 2024 suggests that Broadridge Financial Solutions Inc has been effectively utilizing its assets to generate earnings for shareholders. This improvement may indicate enhanced operational efficiency and profitability within the company.
Overall, Broadridge Financial Solutions Inc's ROA performance demonstrates a positive trajectory, reflecting the company's ability to effectively leverage its assets to generate returns for investors over the past five years.
Peer comparison
Jun 30, 2024