Belden Inc (BDC)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,557,118 | 1,624,834 | 1,671,040 | 1,684,369 | 1,690,196 | 1,681,632 | 1,651,171 | 1,591,428 | 1,529,417 | 1,425,814 | 1,332,677 | 1,223,045 | 1,176,570 | 1,223,059 | 1,249,105 | 1,317,514 | 1,337,773 | 1,325,915 | 1,331,158 | 1,336,719 |
| Inventory | US$ in thousands | 366,987 | 336,420 | 345,427 | 370,729 | 341,563 | 351,440 | 394,346 | 396,497 | 345,203 | 312,088 | 304,821 | 275,405 | 247,298 | 244,815 | 242,677 | 252,921 | 231,333 | 290,995 | 309,711 | 326,770 |
| Inventory turnover | 4.24 | 4.83 | 4.84 | 4.54 | 4.95 | 4.78 | 4.19 | 4.01 | 4.43 | 4.57 | 4.37 | 4.44 | 4.76 | 5.00 | 5.15 | 5.21 | 5.78 | 4.56 | 4.30 | 4.09 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,557,118K ÷ $366,987K
= 4.24
Belden Inc's inventory turnover has shown variability over the past eight quarters, ranging from a low of 4.06 in Q1 2022 to a high of 4.95 in Q4 2022. Overall, the trend indicates a relatively stable performance in managing inventory levels. The company has been able to turn over its inventory approximately 4 times a year on average, with the most recent value standing at 4.24 in Q4 2023.
A higher inventory turnover ratio signifies that the company has been efficient in managing its inventory by quickly selling goods and replenishing stock. This can be beneficial as it reduces holding costs and increases cash flow. Conversely, a lower ratio may indicate overstocking or slower sales, leading to potential obsolescence and higher carrying costs.
It is essential for Belden Inc to monitor its inventory turnover consistently and aim for an optimal balance to ensure efficient utilization of resources and maintain a healthy cash flow position. Further analysis, in conjunction with other financial metrics, can provide a more comprehensive understanding of the company's operational efficiency and potential areas for improvement.
Peer comparison
Dec 31, 2023
Dec 31, 2023