Belden Inc (BDC)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,538,760 | 1,557,120 | 1,690,200 | 1,529,420 | 1,176,570 |
| Inventory | US$ in thousands | 343,099 | 366,987 | 341,563 | 345,203 | 247,298 |
| Inventory turnover | 4.48 | 4.24 | 4.95 | 4.43 | 4.76 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,538,760K ÷ $343,099K
= 4.48
The inventory turnover ratio for Belden Inc has shown some fluctuation over the past five years. It decreased from 4.76 in December 31, 2020 to 4.43 in December 31, 2021. However, it increased to 4.95 in December 31, 2022, before declining to 4.24 in December 31, 2023. Finally, it rebounded slightly to 4.48 in December 31, 2024.
Overall, Belden Inc has been able to efficiently manage its inventory turnover, with the ratio consistently hovering around 4 to 5 times over the years. This indicates that the company is able to sell and replace its inventory multiple times within a given period, which reflects effective inventory management practices. However, the slight fluctuations in the ratio may suggest varying sales and production dynamics during different periods.
Peer comparison
Dec 31, 2024