Belden Inc (BDC)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 4.24 4.95 4.43 4.76 5.78
DOH days 86.02 73.76 82.38 76.72 63.12

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.24
= 86.02

The days of inventory on hand (DOH) for Belden Inc have shown some fluctuations over the past five years. In 2023, Belden Inc had an average of 86.02 days' worth of inventory on hand, which increased compared to the previous year when it was 73.76 days. This suggests that Belden Inc may have experienced challenges in managing its inventory efficiently in 2023.

Looking further back, in 2021 and 2020, Belden Inc had DOH of 81.13 days and 75.26 days respectively, indicating relatively stable inventory management during those years. However, in 2019, Belden Inc had a lower DOH of 63.12 days, suggesting that the company was able to turn over its inventory more quickly that year.

Overall, the fluctuations in Belden Inc's DOH over the past five years may indicate varying levels of efficiency in managing inventory levels. It is crucial for the company to monitor and optimize its inventory management practices to enhance operational efficiency and financial performance.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
Belden Inc
BDC
86.02
Corning Incorporated
GLW
112.40