Brady Corporation (BRC)

The cash conversion cycle (CCC) of Brady Corporation has exhibited notable fluctuations over the analyzed period spanning from July 31, 2021, to July 31, 2025. Specifically, the CCC was recorded at 88.16 days as of July 31, 2021, which then increased to 110.65 days by July 31, 2022. This rise indicates a longer duration to convert investments in inventory and receivables into cash during that period. Subsequently, the cycle slightly decreased to 103.15 days as of July 31, 2023, reflecting a partial reduction in the time it takes for cash conversion but remaining elevated relative to 2021 levels. A more significant reduction occurred by July 31, 2024, bringing the CCC down to 88.47 days, which is comparable to the levels observed two years prior. The most dramatic change was observed between July 31, 2024, and July 31, 2025, when the CCC sharply declined to 9.44 days, indicating a substantial improvement in the company's cash flow efficiency, likely due to optimized inventory management, faster receivables collection, or extended payables periods. Overall, these movements suggest that Brady Corporation's operational cash flow management has experienced periods of both inefficiency and significant improvement, culminating in a markedly shorter cycle in the most recent year.