The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Brady's Revenue for the
three
months ended in Jan. 2024 was $323 Mil. Brady's average Accounts Receivable for the
three
months ended in Jan. 2024 was $183 Mil.
Hence, Brady's Receivables Turnover for the
three
months ended in Jan. 2024 was 1.77.
Brady Receivables Turnover Historical Data
The historical data trend for Brady's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Brady's Receivables Turnover
For the Security & Protection Services subindustry, Brady's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Brady's Receivables Turnover Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Brady's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Brady's Receivables Turnover falls into.
Brady Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Brady's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Brady (NYSE:BRC) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Brady Receivables Turnover Related Terms
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Brady Corp provides identification solutions and workplace safety products. The company offers identification and healthcare products that are sold under the Brady brand to maintenance, repair, and operations as well as original equipment manufacturing customers. Products include safety signs and labelling systems, material identification systems, wire identification, patient identification, and people identification. Brady also provides workplace safety and compliance products such as safety and compliance signs, asset tracking labels, and first-aid products. The largest end market is the United States.
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