Brady Corporation (BRC)
Working capital 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 current assets | US$ in thousands | 599,715 | 521,272 | 506,520 | 535,065 | 524,820 | 516,783 | 504,215 | 503,251 | 498,068 | 479,617 | 500,015 | 505,091 | 465,104 | 621,061 | 567,336 | 544,777 | 509,448 | 531,090 | 580,991 | 593,908 |
| Total current liabilities | US$ in thousands | 264,682 | 253,149 | 237,302 | 251,694 | 258,036 | 236,436 | 229,849 | 243,613 | 255,174 | 243,770 | 227,496 | 266,493 | 257,584 | 221,115 | 201,544 | 204,961 | 185,888 | 227,959 | 216,690 | 255,947 |
| Working capital turnover | 4.00 | 5.00 | 4.97 | 4.73 | 4.99 | 4.67 | 4.77 | 5.01 | 5.36 | 5.44 | 4.55 | 4.98 | 5.52 | 2.73 | 2.90 | 3.15 | 3.34 | 3.71 | 3.15 | 3.42 |
July 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,339,837K ÷ ($599,715K – $264,682K)
= 4.00
Brady Corporation's working capital turnover has shown fluctuations over the past few quarters, ranging from a low of 2.73 to a high of 5.44. The working capital turnover ratio measures how effectively a company is using its working capital to generate sales revenue. A higher ratio indicates that the company is efficiently utilizing its working capital to generate sales.
The working capital turnover ratio for Brady Corporation has generally been above 4, which suggests that the company has been effectively using its working capital to generate sales. However, there have been some quarters where the ratio dipped below 4, indicating a less efficient use of working capital in those periods.
Overall, the trend in the working capital turnover ratio for Brady Corporation appears to be relatively stable, with some variability in efficiency in different quarters. It is important for the company to closely monitor and manage its working capital levels to ensure optimal utilization and efficiency in generating sales.
Peer comparison
Jul 31, 2024