Belden Inc (BDC)
Payables 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 |
| Payables | US$ in thousands | 343,215 | 304,851 | 290,382 | 295,049 | 350,058 | 297,759 | 349,446 | 359,811 | 377,765 | 321,253 | 299,428 | 250,426 | 244,120 | 211,269 | 188,970 | 220,195 | 268,466 | 275,889 | 266,897 | 256,939 |
| Payables turnover | 4.54 | 5.33 | 5.75 | 5.71 | 4.83 | 5.65 | 4.73 | 4.42 | 4.05 | 4.44 | 4.45 | 4.88 | 4.82 | 5.79 | 6.61 | 5.98 | 4.98 | 4.81 | 4.99 | 5.20 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,557,118K ÷ $343,215K
= 4.54
Based on the data provided, Belden Inc's payables turnover ratio has fluctuated over the past eight quarters. The payables turnover ratio measures how efficiently a company pays its suppliers. A higher ratio indicates that the company is managing its payables effectively, while a lower ratio may suggest inefficiencies in managing supplier payments.
In Q4 2023, the payables turnover ratio was 4.54, which indicates that Belden Inc took approximately 4.54 times to pay off its accounts payable during that quarter. This was a decrease from the previous quarter (Q3 2023) where the ratio was 5.33. The downward trend in Q4 2023 suggests that Belden Inc took longer to pay its suppliers compared to Q3 2023.
Looking at the historical trend, the payables turnover ratio has shown fluctuations over the past quarters, with the highest ratio of 5.75 recorded in Q2 2023 and the lowest ratio of 4.48 recorded in Q1 2022. Overall, the company has shown some variability in its payables turnover ratio, which could be due to various factors such as changes in vendor payment terms, fluctuations in purchasing activities, or management of working capital.
It is important for Belden Inc to closely monitor its payables turnover ratio to ensure efficient management of supplier payments and maintain good relationships with vendors. Additionally, comparing the payables turnover ratio with industry benchmarks and peers can provide valuable insights into the company's supply chain efficiency and financial health.
Peer comparison
Dec 31, 2023