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Broadridge Financial Solutions Inc   (BR)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 

Broadridge Financial Solutions Inc Accounts Receivables Turnover Ratio from the third quarter 2024 to the third quarter 2023

Quarterly Results, Trends, Rankings, Statistics


Broadridge Financial Solutions Inc 's ability to collect accounts receivable sequentially worsen to 6.49, indicating more challenging environment then in the second quarter 2024, but still, it is a far cry from any concerns. Average collection period, for Broadridge Financial Solutions Inc 's accounts receivable remained unchanged at 56 days, in the Mar 31 2024 quarter.

If we take a look into Services sector 152 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Mar 31 2024 from 808 to 957.

What is Receivable Turnover Ratio?
What is Broadridge Financial Solutions Inc Selling?


What is Receivable Turnover Ratio?




BR Receivables Turnover Ratio (Mar 31 2024)
III. Quarter
(Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
Y / Y Receivable Change 6.29 % 3.72 % 9.06 % 2.86 % 10.95 %
Y / Y Revenue Change 4.91 % 8.67 % 11.52 % 6.74 % 7.3 %
Receivable Turnover Ratio (TTM) 6.49 6.52 6.46 6.43 6.35
BR's Total Ranking # 957 # 808 # 525 # 258 # 1010
Average receivable collection period 56 56 57 57 57
Seq. Receivable Change 30.59 % -2.62 % -5.93 % -11.15 % 27.44 %
Seq. Revenue Change 22.88 % -1.82 % -22.18 % 11.75 % 27.29 %


Receivable Turnover Company Ranking
Within: No.
Professional Services Industry # 23
Services Sector # 153
Overall Market # 957

Receivable Turnover Ratio Statistics
High Average Low
7.31 5.98 0
(Jun 30 2017)   (Jun 30 2020)




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