Brady Corporation (BRC)
Fixed asset turnover
| 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 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,339,837 | 1,341,711 | 1,338,460 | 1,341,636 | 1,332,094 | 1,310,286 | 1,308,375 | 1,301,168 | 1,300,786 | 1,283,448 | 1,240,729 | 1,188,764 | 1,144,698 | 1,090,312 | 1,060,752 | 1,071,579 | 1,081,299 | 1,124,833 | 1,148,635 | 1,154,396 |
| Property, plant and equipment | US$ in thousands | 195,758 | 194,732 | 190,777 | 143,792 | 142,149 | 139,747 | 140,784 | 136,320 | 139,511 | 125,014 | 126,551 | 128,618 | 121,741 | 121,126 | 122,088 | 119,960 | 115,068 | 111,383 | 112,782 | 112,565 |
| Fixed asset turnover | 6.84 | 6.89 | 7.02 | 9.33 | 9.37 | 9.38 | 9.29 | 9.54 | 9.32 | 10.27 | 9.80 | 9.24 | 9.40 | 9.00 | 8.69 | 8.93 | 9.40 | 10.10 | 10.18 | 10.26 |
July 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,339,837K ÷ $195,758K
= 6.84
The fixed asset turnover ratio measures a company's efficiency in generating sales revenue from its investment in fixed assets. Brady Corporation's fixed asset turnover has been relatively stable over the past few quarters, ranging from 6.84 to 10.27. This indicates that the company is effectively utilizing its fixed assets to generate sales.
The higher fixed asset turnovers observed in recent quarters, particularly in the range of 9.24 to 10.27, suggest that Brady Corporation is efficiently utilizing its fixed assets to generate revenue. An increasing trend in the fixed asset turnover ratio generally indicates improved efficiency and productivity in utilizing fixed assets to generate sales.
Overall, Brady Corporation's consistent and relatively high fixed asset turnover ratios reflect its effective management of fixed assets in generating sales revenue.
Peer comparison
Jul 31, 2024