Brady Corporation (BRC)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 752,783 | 722,086 | 701,085 | 680,794 | 653,682 | 657,384 | 658,279 | 667,547 | 674,588 | 665,344 | 672,444 | 671,328 | 670,510 | 668,186 | 640,317 | 607,940 | 583,252 | 558,009 | 547,769 | 548,991 |
| Payables | US$ in thousands | 105,028 | 99,754 | 90,968 | 98,179 | 84,691 | 79,965 | 80,114 | 79,512 | 79,855 | 74,745 | 75,876 | 79,604 | 81,116 | 79,567 | 80,611 | 79,497 | 82,152 | 72,234 | 67,483 | 62,907 |
| Payables turnover | 7.17 | 7.24 | 7.71 | 6.93 | 7.72 | 8.22 | 8.22 | 8.40 | 8.45 | 8.90 | 8.86 | 8.43 | 8.27 | 8.40 | 7.94 | 7.65 | 7.10 | 7.73 | 8.12 | 8.73 |
July 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $752,783K ÷ $105,028K
= 7.17
The payables turnover ratio for Brady Corporation has demonstrated notable fluctuations over the analyzed period. Starting at 8.73 times as of October 31, 2020, the ratio generally showed a declining trend, reaching a low of 6.93 times by October 31, 2024. This indicates a decrease in how frequently the company is turning over its accounts payable, implying longer average payment periods over time.
However, there have been periods of minor recovery; for example, the ratio increased slightly to 7.71 times as of January 31, 2025, after having dropped to 6.93 earlier in the same year. Overall, the pattern suggests a gradual elongation of payment cycles, possibly reflecting strategic changes such as extended credit terms with suppliers or changes in cash flow management.
The data indicates that Brady's payables turnover ratio has decreased from its initial high, trending towards a lower level in recent periods, which may impact the company's liquidity and supplier relationships. Nevertheless, the ratio has remained within a moderate range, and occasional increases suggest some short-term adjustments. Continuous monitoring is recommended to assess whether this trend persists or stabilizes in the future.