Broadridge Financial Solutions Inc (BR)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	698,100	699,000	683,800	671,000	630,500	554,500	532,600	522,300	539,100	551,400	539,800	548,900	547,500	516,800	518,600	472,400	462,500	416,000	421,400	461,200
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
ROA		8.47%	8.51%	8.55%	8.31%	7.66%	6.58%	6.62%	6.46%	6.60%	6.60%	6.65%	6.84%	6.74%	9.96%	10.67%	9.95%	9.46%	8.47%	9.61%	10.93%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $698,100K ÷ $8,242,400K
= 8.47%

Broadridge Financial Solutions Inc's return on assets (ROA) has shown a consistent performance over the past several quarters. The ROA has ranged between 6.46% to 10.93% over the last two years, indicating the company's ability to generate profits relative to its total assets.

The highest ROA was recorded in March 2021 at 10.93%, which may suggest an efficient utilization of assets to generate earnings during that period. On the other hand, the lowest ROA was seen in September 2022 at 6.46%, indicating a comparatively lower profitability relative to its asset base at that time.

Overall, Broadridge Financial Solutions Inc's ROA has generally been above 6% and has shown a slightly increasing trend from 2020 to 2021, with some fluctuations in the following quarters. This suggests that the company has been effective in generating profits from its assets, although there may be some variability in its performance over time.