Brady Corporation (BRC)

The analysis of Brady Corporation’s days sales outstanding (DSO) over the specified period indicates a generally stable receivables collection pattern with some fluctuations. Initially, DSO values hovered around the mid-50-day range, with October 31, 2020, recorded at approximately 53.39 days. During the subsequent quarters, DSO maintained a relatively consistent level, fluctuating slightly within a narrow band around 50 to 54 days.

In particular, from October 2020 through October 2021, DSO ranged between approximately 53.39 days and 56.12 days, reflecting a steady state of receivable collection periods. A notable decrease occurred by January 31, 2022, with DSO declining to around 50.72 days, indicating an improvement in receivable turnover.

Subsequent data shows minor oscillations, with percentages generally returning to around the 50-day mark. For example, DSO levels in April 2022, July 2022, and October 2022 were approximately 53.10, 51.36, and 50.47 days respectively, suggesting consistent collection efficiency. This pattern persisted into early 2023, with DSO values fluctuating narrowly around the 50-day mark.

However, a noticeable increase began from October 2023 onward, with DSO rising to approximately 57.46 days, the highest in the observed period. This upward trend persisted into early 2024, with DSO values remaining elevated around 50 to 53 days before spiking again to nearly 58 days by October 2024. The pattern into 2025 shows some variability, with DSO oscillating between roughly 51.90 and 56.10 days.

Overall, the data suggests that Brady Corporation has maintained a relatively stable accounts receivable collection period over the years, with the core DSO generally residing within the 50 to 54-day range, indicating effective receivables management. The spike observed toward the end of the period may warrant further investigation to identify underlying causes, such as changes in credit policies, customer mix, or economic conditions impacting collections.