Belden Inc (BDC)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | 6.07 | 5.45 | 5.22 | 6.31 | 5.92 | 5.86 | 5.86 | 6.40 | 6.00 | 4.93 | 5.05 | 5.25 | 5.90 | 5.78 | 6.52 | 6.82 | 6.37 | 4.64 | 4.77 | 5.36 |
| 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 |
| Working capital turnover | 3.05 | 3.05 | 3.07 | 2.91 | 2.91 | 3.05 | 3.05 | 2.97 | 2.05 | 3.22 | 3.35 | 3.23 | 3.03 | 3.49 | 3.02 | 3.42 | 3.25 | 3.91 | 4.09 | 3.89 |
Belden Inc's activity ratios provide insights into how efficiently the company manages its inventory, receivables, payables, and working capital.
1. Inventory Turnover: Belden Inc's inventory turnover has fluctuated over the quarters, with the range between 4.06 to 4.95. A higher inventory turnover indicates that the company is selling its inventory quickly, which is generally favorable as it reduces the risk of obsolete inventory and improves cash flow.
2. Receivables Turnover: The company's receivables turnover has also varied, ranging from 5.22 to 6.61. A higher receivables turnover suggests that Belden Inc collects its receivables efficiently, minimizing the time it takes to convert credit sales into cash.
3. Payables Turnover: Belden Inc's payables turnover fluctuated between 4.48 and 5.75. A higher payables turnover indicates that the company is paying its suppliers more frequently, which can sometimes signal strong negotiation power or favorable credit terms.
4. Working Capital Turnover: The working capital turnover remained relatively steady, with values ranging from 2.91 to 3.11. This ratio reflects how effectively the company utilizes its working capital to generate sales. A higher ratio indicates efficient use of working capital.
In summary, Belden Inc has displayed generally stable activity ratios over the quarters, showing that the company efficiently manages its inventory, receivables, payables, and working capital. However, it is important to monitor these ratios over time to ensure consistent operational efficiency and financial performance.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 86.02 | 75.57 | 75.45 | 80.34 | 73.76 | 76.28 | 87.17 | 90.94 | 82.38 | 79.89 | 83.49 | 82.19 | 76.72 | 73.06 | 70.91 | 70.07 | 63.12 | 80.11 | 84.92 | 89.23 |
| Days of sales outstanding (DSO) | days | 60.13 | 67.03 | 69.86 | 57.82 | 61.63 | 62.28 | 62.29 | 57.06 | 60.82 | 74.10 | 72.34 | 69.54 | 61.83 | 63.17 | 55.98 | 53.51 | 57.31 | 78.70 | 76.48 | 68.15 |
| Number of days of payables | days | 80.45 | 68.48 | 63.43 | 63.94 | 75.60 | 64.63 | 77.25 | 82.52 | 90.15 | 82.24 | 82.01 | 74.74 | 75.73 | 63.05 | 55.22 | 61.00 | 73.25 | 75.95 | 73.18 | 70.16 |
Belden Inc's activity ratios provide insights into how efficiently the company manages its operations and cash flow.
1. Days of Inventory on Hand (DOH):
- The company's inventory turnover has varied over the quarters, ranging from a high of 89.88 days in Q1 2022 to a low of 73.76 days in Q4 2022.
- Generally, a lower number of days of inventory on hand indicates efficient inventory management. Belden Inc experienced a slight increase in the DOH from Q3 2023 to Q4 2023, suggesting a potential decrease in inventory turnover efficiency.
2. Days of Sales Outstanding (DSO):
- Belden Inc's DSO has also fluctuated, with a range from 55.24 days in Q1 2022 to 69.86 days in Q2 2023.
- A lower DSO indicates faster collection of accounts receivable. The decrease in DSO from Q2 2023 to Q3 2023 suggests improved efficiency in collecting payments from customers.
3. Number of Days of Payables:
- The number of days of payables reflects the average time it takes for the company to pay its suppliers. Belden Inc's days of payables have varied, from 63.43 days in Q2 2023 to 81.56 days in Q1 2022.
- A longer period of payables may indicate favorable credit terms with suppliers, but the increase in days of payables from Q3 2023 to Q4 2023 suggests potential delays in paying off obligations to suppliers.
In summary, Belden Inc's activity ratios show fluctuations in inventory turnover, accounts receivable collection, and payment to suppliers. Close monitoring and potential adjustments in inventory management and payment cycles may be necessary for enhancing operational efficiency and cash flow management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 5.57 | 6.47 | 6.78 | 6.91 | 6.83 | 7.70 | 7.32 | 7.07 | 6.70 | 6.21 | 5.41 | 5.04 | 4.75 | 5.50 | 5.80 | 6.23 | 6.16 | 5.55 | 5.62 | 5.83 |
| Total asset turnover | 0.78 | 0.84 | 0.85 | 0.86 | 0.82 | 0.86 | 0.82 | 0.80 | 0.67 | 0.62 | 0.60 | 0.57 | 0.56 | 0.63 | 0.62 | 2.15 | 0.63 | 0.62 | 0.56 | 0.58 |
Belden Inc's long-term activity ratios show the efficiency of the company in utilizing its fixed assets and total assets to generate sales.
The fixed asset turnover ratio has been fluctuating over the quarters, ranging from 5.57 to 7.78. This ratio measures how efficiently the company is generating sales from its fixed assets. A higher fixed asset turnover indicates that the company is effectively using its long-term assets to generate revenue. The steady improvement in fixed asset turnover from Q4 2022 to Q1 2023 suggests that the company is becoming more efficient in utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio has also been fluctuating within a narrower range, from 0.78 to 0.87. This ratio indicates how well the company is generating sales from its total assets. A higher total asset turnover ratio signifies that the company is generating more revenue per dollar of assets. The fluctuations in the total asset turnover ratio suggest that the company's overall efficiency in generating sales from its total assets has been relatively stable over the quarters.
In conclusion, Belden Inc's long-term activity ratios show improvement in the efficiency of using fixed assets to generate sales, while the overall efficiency in generating sales from total assets has remained relatively stable over the quarters. Investors and stakeholders may find these trends important in evaluating the company's operational efficiency and financial performance.