Brady Corporation (BRC)
Days of inventory on hand (DOH)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.75 | 3.80 | 3.86 | 3.81 | 4.28 | 4.29 | 3.99 | 4.00 | 3.81 | 3.64 | 3.45 | 3.43 | 3.53 | 3.77 | 3.82 | 3.99 | 4.29 | 4.54 | 4.46 | 4.57 | |
| DOH | days | 97.40 | 96.04 | 94.65 | 95.80 | 85.28 | 85.10 | 91.46 | 91.27 | 95.81 | 100.29 | 105.94 | 106.40 | 103.44 | 96.77 | 95.45 | 91.44 | 85.18 | 80.36 | 81.91 | 79.93 |
July 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.75
= 97.40
The analysis of Brady Corporation's days of inventory on hand (DOH) over the specified period reveals a general trend of increasing inventory duration from October 2020 through mid-2023, followed by a subsequent decline and stabilization.
Starting at approximately 79.93 days in October 2020, the DOH experienced a gradual increase, reaching a peak of about 106.40 days in October 2022. This upward trend indicates that the company was holding inventory longer during this period, with the most significant escalation observed between October 2021 (91.44 days) and October 2022 (106.40 days).
Post-October 2022, a downward movement is apparent, with the DOH decreasing to 91.27 days by October 2023. This decline suggests improvements in inventory turnover or efforts to optimize inventory levels. The numbers from late 2023 to mid-2025 show relative stabilization, fluctuating around the mid-90 days range. Specifically, the DOH ranges from approximately 85.10 days in April 2024 up to about 97.40 days projected for July 2025, indicating a relatively steady inventory management approach during this period.
This pattern may reflect strategic adjustments in inventory policies, supply chain efficiencies, or shifts in demand and sales cycles. The increase leading up to late 2022 could have been driven by inventory accumulation or longer production cycles, while the subsequent decline and stabilization suggest more efficient inventory management or changing operational priorities. Overall, the company's inventory holding period has experienced cyclical variations but shows signs of recent stabilization near a 90-95 day range.