Belden Inc (BDC)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 | 2,131,280 |
| Receivables | US$ in thousands | 413,806 | 440,102 | 383,444 | 296,817 | 334,634 |
| Receivables turnover | 6.07 | 5.92 | 6.00 | 5.90 | 6.37 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,512,080K ÷ $413,806K
= 6.07
The receivables turnover ratio for Belden Inc has been fluctuating over the past five years. The company's ability to convert its accounts receivable into cash has shown a slight decrease from 6.37 in 2019 to 6.07 in 2023. This indicates that, on average, Belden Inc collects its outstanding receivables approximately 6.07 times a year in 2023.
The trend suggests that the company's efficiency in collecting receivables has varied but has generally remained within a relatively stable range. A higher receivables turnover ratio is typically considered favorable as it indicates that the company is collecting its outstanding receivables more quickly.
It would be beneficial for Belden Inc to closely monitor and analyze the reasons behind the fluctuations in their receivables turnover to ensure effective management of accounts receivable and maintain healthy cash flows.
Peer comparison
Dec 31, 2023