Belden Inc (BDC)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.48 | 3.98 | 3.85 | 3.99 | 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 |
| Receivables turnover | 6.01 | 5.45 | 5.84 | 6.75 | 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 |
| Payables turnover | 4.87 | 4.78 | 5.53 | 5.67 | 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 |
| Working capital turnover | 4.29 | 3.79 | 3.98 | 3.01 | 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 |
Belden Inc's inventory turnover ratio has shown a decreasing trend from 5.21 in March 2020 to 3.98 in June 2024. This indicates that the company's efficiency in managing its inventory has been decreasing over the years.
The receivables turnover ratio fluctuated throughout the period, with the highest value of 6.75 in March 2024 and the lowest of 4.93 in September 2021. This ratio measures how efficiently the company is collecting payments from its customers.
On the other hand, the payables turnover ratio also fluctuated but generally showed a decreasing trend from 5.98 in March 2020 to 4.87 in December 2024. This ratio measures how quickly the company is paying its suppliers.
The working capital turnover ratio showed volatility but exhibited an increasing trend from 3.42 in March 2020 to 4.29 in December 2024. This ratio reflects how effectively the company is using its working capital to generate sales.
Overall, Belden Inc's activity ratios indicate varying levels of efficiency in managing inventory, collecting receivables, paying payables, and utilizing working capital over the years. Further analysis and comparison with industry benchmarks would provide more insights into the company's operational performance.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 81.38 | 91.64 | 94.91 | 91.38 | 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 |
| Days of sales outstanding (DSO) | days | 60.77 | 66.92 | 62.49 | 54.07 | 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 |
| Number of days of payables | days | 74.89 | 76.30 | 66.02 | 64.34 | 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 |
Based on the provided data, let's analyze Belden Inc's activity ratios:
1. Days of Inventory on Hand (DOH):
- Belden Inc's DOH shows the number of days it takes for the company to sell its average inventory.
- The trend indicates an increase in DOH from March 31, 2020, to June 30, 2022, possibly due to inventory buildup or slower inventory turnover.
- There was a slight improvement in DOH from September 30, 2022, to December 31, 2024, suggesting better inventory management or increased sales efficiency.
2. Days of Sales Outstanding (DSO):
- DSO reflects the average number of days it takes for Belden Inc to collect its accounts receivable.
- The trend shows fluctuations in DSO, with peaks in December 31, 2021, and September 30, 2023, indicating delayed collection of receivables.
- Notable improvements in DSO are observed from March 31, 2024, to December 31, 2024, suggesting more efficient credit management or timely collection efforts.
3. Number of Days of Payables:
- This ratio reveals the average number of days Belden Inc takes to pay its suppliers.
- The trend displays variations in the number of days of payables, with peaks in December 31, 2021, and December 31, 2024, potentially indicating stretched payment terms.
- There was a noticeable decrease in the number of days of payables from June 30, 2022, to March 31, 2023, suggesting faster payment to suppliers or renegotiated terms.
In summary, Belden Inc's activity ratios indicate fluctuations in inventory management, receivables collection, and payables payment over the analyzed periods. The company may need to focus on optimizing these activities to improve operational efficiency and cash flow management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 4.97 | 4.92 | 5.03 | 5.30 | 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 |
| Total asset turnover | 0.74 | 0.70 | 0.66 | 0.77 | 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 |
Belden Inc's fixed asset turnover ratio has shown a general increasing trend from March 31, 2020, to June 30, 2022, reaching its highest point of 7.32. However, there was a slight decline in the ratio from September 2022 to December 2024, with the ratio fluctuating between 4.92 and 7.70. This ratio indicates that Belden Inc is generating more sales relative to its investment in fixed assets, which is generally positive.
On the other hand, Belden Inc's total asset turnover ratio has fluctuated over the same period, with a notable decline from March 31, 2020, to December 31, 2020. From March 31, 2021, to June 30, 2024, the ratio fluctuated between 0.56 and 0.82. The total asset turnover ratio reflects how efficiently the company is using its total assets to generate revenue.
In conclusion, while the fixed asset turnover ratio of Belden Inc generally improved over the period, the total asset turnover ratio showed more fluctuation, indicating a varying efficiency in asset utilization. It would be important to further analyze the reasons behind these fluctuations to assess the company's long-term performance and operational efficiency.