Brady Corporation (BRC)
Receivables 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 |
| Receivables | US$ in thousands | 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 | 146,181 | 145,133 | 151,511 | 162,561 |
| Receivables turnover | 7.22 | 6.88 | 7.21 | 7.45 | 7.22 | 7.09 | 7.00 | 7.22 | 7.10 | 6.87 | 7.19 | 6.50 | 6.71 | 6.67 | 6.89 | 6.84 | 7.40 | 7.75 | 7.58 | 7.10 |
July 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,339,837K ÷ $185,486K
= 7.22
The receivables turnover ratio for Brady Corporation has been relatively stable over the past few years, ranging from 6.50 to 7.75 times. This ratio indicates how efficiently the company is collecting its accounts receivable during a specific period.
A higher receivables turnover ratio generally suggests that the company is collecting its outstanding receivables more quickly. Brady Corporation's average ratio of around 7 times indicates that, on average, the company collects its accounts receivable approximately seven times per year.
The stability of this ratio over time suggests that Brady Corporation has been consistent in managing its accounts receivable effectively. However, it would be beneficial to compare this ratio to industry benchmarks or competitors to determine if the company's performance is in line with its peers.
Peer comparison
Jul 31, 2024