Brady Corporation (BRC)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.28 | 13.10 | 13.03 | 13.27 | 13.24 | 14.00 | 13.97 | 13.31 | 13.14 | 12.13 | 10.38 | 8.91 | 7.10 | 7.73 | 8.12 | 8.73 | 8.84 | 9.66 | 11.24 | 9.78 | |
| Number of days of payables | days | 29.73 | 27.86 | 28.01 | 27.51 | 27.57 | 26.08 | 26.13 | 27.43 | 27.79 | 30.10 | 35.15 | 40.96 | 51.41 | 47.25 | 44.97 | 41.82 | 41.30 | 37.78 | 32.48 | 37.32 |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.28
= 29.73
Brady Corporation's number of days of payables has exhibited some fluctuations over the past few years. The trend shows a general decrease from 51.41 days as of Oct 31, 2021, to 27.86 days as of Apr 30, 2024, implying a more efficient management of payables over time.
Although there are variations in the number of days of payables, it appears that the company has been able to effectively manage its payment obligations. A lower number of days of payables may indicate that Brady Corporation is paying its suppliers more quickly, potentially benefiting from favorable credit terms. This could also suggest improved vendor relationships and cash management practices.
It is important to continue monitoring this ratio to ensure that the company maintains a healthy balance between managing payables efficiently and preserving cash flow for other operational needs.
Peer comparison
Jul 31, 2024