BR (Broadridge Financial Solutions) Days Payable : 14.59 (As of Dec. 2024)

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What is Broadridge Financial Solutions Days Payable?

Broadridge Financial Solutions's average Accounts Payable for the three months ended in Dec. 2024 was $183 Mil. Broadridge Financial Solutions's Cost of Goods Sold for the three months ended in Dec. 2024 was $1,146 Mil. Hence, Broadridge Financial Solutions's Days Payable for the three months ended in Dec. 2024 was 14.59.

The historical rank and industry rank for Broadridge Financial Solutions's Days Payable or its related term are showing as below:

BR' s Days Payable Range Over the Past 10 Years
Min: 15.27 Med: 18.72 Max: 23.18
Current: 15.27

During the past 13 years, Broadridge Financial Solutions's highest Days Payable was 23.18. The lowest was 15.27. And the median was 18.72.

BR's Days Payable is ranked worse than
85.21% of 2535 companies
in the Software industry
Industry Median: 50.17 vs BR: 15.27

Broadridge Financial Solutions's Days Payable increased from Dec. 2023 (12.07) to Dec. 2024 (14.59). It may suggest that Broadridge Financial Solutions delayed paying its suppliers.

Broadridge Financial Solutions Days Payable Historical Data

The historical data trend for Broadridge Financial Solutions's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Broadridge Financial Solutions Days Payable Chart

Broadridge Financial Solutions Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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15.96

20.48

21.89

17.17

18.81

Broadridge Financial Solutions Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															12.07	11.32	17.19	20.46	14.59

Competitive Comparison of Broadridge Financial Solutions's Days Payable

For the Information Technology Services subindustry, Broadridge Financial Solutions's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Broadridge Financial Solutions's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Broadridge Financial Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Broadridge Financial Solutions's Days Payable falls into.

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Broadridge Financial Solutions Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Broadridge Financial Solutions's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (157.3	+	314)	/	2 )	/	4572.9	*	365
=	235.65					/	4572.9	*	365
=	18.81

Broadridge Financial Solutions's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (168	+	198.3)	/	2 )	/	1145.8	*	365 / 4
=	183.15					/	1145.8	*	365 / 4
=	14.59

Broadridge Financial Solutions Days Payable Related Terms

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Broadridge Financial Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Broadridge Financial Solutions Inc (NYSE:BR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0HPW:UK 5B9:Germany

Address

5 Dakota Drive, Suite 300, Lake Success, NY, USA, 11042

Website

https://www.broadridge.com

Broadridge Financial Solutions, which was spun off from Automatic Data Processing in 2007, is a leading provider of investor communication and technology-driven solutions to banks, broker/dealers, traditional and alternative-asset managers, wealth managers, and corporate issuers. Broadridge is composed of two segments: investor communication solutions and global technology and operations.

Executives

Timothy C Gokey	officer: Senior Vice President	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Christopher John Perry	officer: Corporate SVP	1981 MARCUS AVENUE, LAKE SUCCESS NY 11042
Robert N Duelks	director	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Brett Keller	director
Laura Matlin	officer: VP, Deputy GC and CGO	C/O BROADRIDGE, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas P Carey	officer: Corporate VP	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DR., STE 300, LAKE SUCCESS NY 11042
Maura A. Markus	director	C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Douglas Richard Deschutter	officer: Corporate Vice President	5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042
Richard J Daly	director, officer: Chief Executive Officer	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Leslie A Brun	director	435 DEVON PARK DRIVE, 700 BUILDING, WAYNE PA 19087
Keir D Gumbs	officer: CVP and Chief Legal Officer	C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert Schifellite	officer: Corporate Vice President	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Robert F Kalenka	officer: Corporate Vice President	5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Richard John Stingi	officer: Corporate VP and CHRO	C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042
Thomas J Perna	director	89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922