Broadridge Financial Solutions Inc (BR)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 1,017,100 1,029,900 1,013,800 997,300 936,400 823,900 783,100 744,100 759,900 699,600 692,800 703,400 678,700 696,100 683,200 630,500 625,000 567,000 574,300 625,700
Long-term debt US$ in thousands 3,355,100 3,513,900 3,652,900 3,682,000 2,234,700 4,076,600 4,105,400 4,064,200 3,793,000 4,167,000 4,156,600 4,165,900 3,887,600 1,737,700 1,770,600 1,776,100 1,387,600 1,679,900 1,449,300 1,368,800
Total stockholders’ equity US$ in thousands 2,168,200 2,267,200 2,067,600 2,112,700 2,240,600 1,998,900 1,786,600 1,903,700 1,919,100 1,821,000 1,748,100 1,753,800 1,809,100 1,589,300 1,434,000 1,413,800 1,346,500 1,202,500 1,125,400 1,143,400
Return on total capital 18.41% 17.81% 17.72% 17.21% 20.92% 13.56% 13.29% 12.47% 13.30% 11.68% 11.73% 11.88% 11.91% 20.92% 21.32% 19.77% 22.86% 19.67% 22.31% 24.91%

June 30, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,017,100K ÷ ($3,355,100K + $2,168,200K)
= 18.41%

Broadridge Financial Solutions Inc's return on total capital has shown some fluctuations over the past few quarters. The ratio ranged from 11.68% to 22.86% in the last quarter. The company experienced a significant increase in return on total capital in the Jun 30, 2020 quarter when it reached its peak at 24.91%, followed by a slight drop in the subsequent quarters.

Overall, Broadridge Financial Solutions Inc has generally maintained a healthy return on total capital above 10% in recent quarters. This indicates that the company is efficiently utilizing its total capital to generate profits for its shareholders. The trending ratio suggests that the company's capital allocation and operational efficiency have been reasonably effective in generating returns for investors.