Brady Corporation (BRC)
Working capital turnover
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,513,600 | 1,341,390 | 1,331,860 | 1,302,060 | 1,144,700 |
| Total current assets | US$ in thousands | 10,919 | 599,715 | 524,820 | 498,068 | 465,104 |
| Total current liabilities | US$ in thousands | 330,332 | 264,682 | 258,036 | 255,174 | 257,584 |
| Working capital turnover | — | 4.00 | 4.99 | 5.36 | 5.52 |
July 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,513,600K ÷ ($10,919K – $330,332K)
= —
The analysis of Brady Corporation’s working capital turnover over the period from July 31, 2021, to July 31, 2024, indicates a consistent decline in this efficiency ratio. Specifically, the ratio decreased from 5.52 in 2021 to 5.36 in 2022, reflecting a slight reduction in the company's ability to generate sales from its working capital. This downward trend continued into 2023, with the ratio declining further to 4.99, suggesting a modest deterioration in working capital utilization efficiency. By July 31, 2024, the ratio had fallen more significantly to 4.00, indicating that the company is generating fewer sales per dollar of working capital than in previous years. The absence of data for July 31, 2025, precludes further analysis for that period. Overall, the decreasing trend in Brady Corporation's working capital turnover ratio suggests a gradual reduction in operational efficiency concerning the management of working capital relative to sales generation over the observed years.