Brady Corporation (BRC)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,513,605 | 1,459,732 | 1,420,526 | 1,386,475 | 1,341,393 | 1,343,920 | 1,337,652 | 1,341,277 | 1,331,863 | 1,309,915 | 1,311,350 | 1,303,156 | 1,302,062 | 1,284,211 | 1,241,163 | 1,188,946 | 1,144,698 | 1,090,312 | 1,060,752 | 1,071,579 |
| Property, plant and equipment | US$ in thousands | — | 277,200 | 241,210 | 243,531 | — | — | — | 170,652 | 142,149 | 139,747 | 140,784 | 163,564 | 139,511 | 125,014 | 126,551 | 128,618 | 163,621 | 121,126 | 122,088 | 119,960 |
| Fixed asset turnover | — | 5.27 | 5.89 | 5.69 | — | — | — | 7.86 | 9.37 | 9.37 | 9.31 | 7.97 | 9.33 | 10.27 | 9.81 | 9.24 | 7.00 | 9.00 | 8.69 | 8.93 |
July 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,513,605K ÷ $—K
= —
The data on Brady Corporation’s fixed asset turnover ratio over the observed periods indicates fluctuations in the efficiency with which the company utilizes its fixed assets to generate sales. The ratio demonstrates a varying trend, with notable peaks and declines across different quarters.
The ratio was relatively high at 8.93 as of October 31, 2020, suggesting effective asset utilization during that period. It experienced a slight decrease to 8.69 by January 31, 2021, but then increased to 9.00 by April 30, 2021. The ratio dropped significantly to 7.00 in the subsequent quarter ending July 31, 2021, indicating a decline in asset utilization efficiency during that period.
From October 31, 2021, onward, the ratio generally trended upward, with values such as 9.24 (October 31, 2021), 9.81 (January 31, 2022), and reaching a peak of 10.27 on April 30, 2022. This suggests improvements in asset utilization efficiency during this timeframe. However, there was a slight decline to 9.33 in July 2022 and further down to 7.97 by October 31, 2022.
In the subsequent periods, the ratio stabilized around the high 9s, with values like 9.31 (January 31, 2023) and 9.37 (April and July 2023). Yet, there was a notable decline to 7.86 as of October 31, 2023, indicating diminished efficiency. The ratio then shows a decreasing trend into early 2025, with values around 5.69 (October 31, 2024), 5.89 (January 2025), and 5.27 (April 2025).
Overall, the fixed asset turnover has exhibited periods of improvement and decline, reflecting variations in operational efficiency and possibly changes in asset base, investment levels, or sales generation strategies. The lower ratios in late 2024 and early 2025 suggest a reduced rate of sales relative to fixed assets, potentially indicating underutilization or strategic realignments affecting asset deployment.