Brady Corporation (BRC)
Fixed asset turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,513,600 | 1,341,390 | 1,331,860 | 1,302,060 | 1,144,700 |
| Property, plant and equipment | US$ in thousands | — | 234,262 | 142,149 | 139,511 | 163,621 |
| Fixed asset turnover | — | 5.73 | 9.37 | 9.33 | 7.00 |
July 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,513,600K ÷ $—K
= —
The fixed asset turnover ratios for Brady Corporation over the specified periods demonstrate notable fluctuations. As of July 31, 2021, the ratio stood at 7.00, indicating that for every dollar invested in fixed assets, the company generated seven dollars in sales. This measure increased significantly by July 31, 2022, reaching 9.33, and maintained a similar level through July 31, 2023, with a marginal decrease to 9.37. These increases suggest an improvement in asset utilization efficiency, possibly driven by higher sales volumes or better asset management.
However, by July 31, 2024, the ratio declined sharply to 5.73, signaling reduced efficiency in generating sales from fixed assets. This decline could stem from several factors, such as increased capital investment without proportional revenue growth, asset underutilization, or strategic shifts that temporarily impact sales productivity.
No data is available for July 31, 2025, indicating an inability to assess trends beyond 2024. Overall, the observed pattern reflects an initial period of efficiency improvement followed by a notable decline, underscoring the importance of analyzing underlying operational factors to better understand changes in asset utilization.