Brady Corporation (BRC)
Receivables 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 |
| Receivables | US$ in thousands | 231,944 | 224,358 | 201,973 | 218,258 | 185,486 | 195,099 | 185,569 | 179,970 | 184,420 | 184,907 | 186,852 | 180,183 | 183,233 | 186,843 | 172,471 | 182,791 | 170,579 | 163,381 | 154,052 | 156,735 |
| Receivables turnover | 6.53 | 6.51 | 7.03 | 6.35 | 7.23 | 6.89 | 7.21 | 7.45 | 7.22 | 7.08 | 7.02 | 7.23 | 7.11 | 6.87 | 7.20 | 6.50 | 6.71 | 6.67 | 6.89 | 6.84 |
July 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,513,605K ÷ $231,944K
= 6.53
The receivables turnover ratio for Brady Corporation exhibits notable fluctuations over the analyzed period, reflecting variations in the efficiency of accounts receivable collection. Starting from October 31, 2020, at 6.84, the ratio remained relatively stable through early 2021, with minor decreases and increases—peaking slightly at 6.89 in January 2021 and dropping to 6.50 by October 2021.
In early 2022, there was a discernible improvement, with the ratio reaching 7.20 in January and maintaining an upward trend, peaking at 7.23 on October 31, 2022, which indicates more rapid collection efficiency during this period. This improvement persisted into early 2023, with the ratio moving slightly downward to 7.02 in January but recovering to 7.22 in July 2023.
By October 2023, the ratio further increased to 7.45, suggesting an enhancement in receivables management. However, subsequent quarterly data reveals a slight decline in early 2024 to 6.89, followed by a resurgence to 7.23 in July 2024.
In the most recent data available as of October 2024, there was a noticeable decrease to 6.35, implying a slowdown in receivables collection efficiency. Yet, the ratio again increased marginally to 7.03 in January 2025 and stabilized around 6.51 and 6.53 in subsequent quarters, indicating fluctuations within a relatively narrow range.
Overall, the receivables turnover ratio has demonstrated periods of both improvement and decline, with the highest point observed at 7.45 in October 2023 and the lowest at 6.35 in October 2024. These movements suggest variability in Brady Corporation's collection efficiency but generally hover around a stable range, reflecting the company's ongoing management of receivables over time.