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.