Brady Corporation (BRC)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,039,652 | 1,047,594 | 1,043,930 | 1,055,049 | 1,057,024 | 1,046,078 | 1,059,691 | 1,059,309 | 1,065,468 | 964,962 | 837,144 | 708,493 | 583,252 | 558,009 | 547,769 | 548,991 | 552,734 | 568,194 | 575,774 | 580,852 |
| Inventory | US$ in thousands | 152,729 | 153,272 | 164,944 | 166,916 | 177,078 | 182,809 | 195,167 | 195,695 | 190,023 | 177,156 | 167,456 | 152,295 | 136,107 | 122,847 | 122,922 | 120,220 | 135,662 | 124,575 | 120,788 | 119,612 |
| Inventory turnover | 6.81 | 6.83 | 6.33 | 6.32 | 5.97 | 5.72 | 5.43 | 5.41 | 5.61 | 5.45 | 5.00 | 4.65 | 4.29 | 4.54 | 4.46 | 4.57 | 4.07 | 4.56 | 4.77 | 4.86 |
July 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,039,652K ÷ $152,729K
= 6.81
Brady Corporation's inventory turnover has shown a generally increasing trend over the past five years, indicating an improvement in the company's efficiency in managing its inventory. The inventory turnover ratio has ranged from 4.07 to 6.83, with the latest figure at 6.81 as of July 31, 2024. This increase suggests that Brady Corporation is selling its inventory more frequently within a given period, reflecting better inventory management and potential liquidity benefits. It is essential to continue monitoring this ratio to ensure sustainable operational efficiency and profitability.
Peer comparison
Jul 31, 2024
Jul 31, 2024