Belden Inc (BDC)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 4.54 | 4.83 | 4.05 | 4.82 | 4.98 | |
| Number of days of payables | days | 80.45 | 75.60 | 90.15 | 75.73 | 73.25 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.54
= 80.45
The number of days of payables for Belden Inc has shown some fluctuation over the past five years. In 2023, the number of days of payables was 80.45 days, indicating that, on average, Belden Inc takes approximately 80 days to pay its creditors. This is an increase from the 75.60 days in 2022 but still lower than the 90.26 days reported in 2021.
The trend in the number of days of payables suggests that Belden Inc may be taking longer to settle its payables compared to the previous year. A higher number of days of payables may indicate that the company is taking longer to pay off its suppliers or may have renegotiated payment terms to manage its working capital more effectively.
Overall, a higher number of days of payables could potentially signal liquidity issues or inefficiencies in managing the company's cash flow. It is important for Belden Inc to carefully monitor its payables management to ensure timely payments to suppliers while maintaining optimal liquidity levels.
Peer comparison
Dec 31, 2023