Brady Corporation (BRC)
Total asset 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 |
| Total assets | US$ in thousands | 1,515,570 | 1,424,100 | 1,407,600 | 1,383,410 | 1,389,260 | 1,376,770 | 1,372,270 | 1,350,630 | 1,367,330 | 1,344,240 | 1,387,060 | 1,410,480 | 1,377,760 | 1,260,180 | 1,207,880 | 1,175,710 | 1,142,470 | 1,140,340 | 1,215,800 | 1,231,220 |
| Total asset turnover | 0.88 | 0.94 | 0.95 | 0.97 | 0.96 | 0.95 | 0.95 | 0.96 | 0.95 | 0.95 | 0.89 | 0.84 | 0.83 | 0.87 | 0.88 | 0.91 | 0.95 | 0.99 | 0.94 | 0.94 |
July 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,339,837K ÷ $1,515,570K
= 0.88
Brady Corporation's total asset turnover has fluctuated over the past several quarters, ranging from a low of 0.83 to a high of 0.99. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio suggests that the company is generating more revenue per dollar of assets.
Analyzing the trend, we observe that the total asset turnover ratio has generally been in the range of 0.88 to 0.99 over the past few quarters. This indicates that, on average, Brady Corporation has been able to generate approximately $0.88 to $0.99 of revenue for every dollar of assets it owns.
Overall, the total asset turnover ratio for Brady Corporation has shown a relatively stable performance, with some fluctuations, but has generally remained above 0.85, indicating that the company is efficiently using its assets to generate revenue. Further analysis and comparison with industry peers may provide additional insights into the company's asset utilization efficiency.
Peer comparison
Jul 31, 2024