Belden Inc (BDC)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,512,084 | 2,619,913 | 2,663,597 | 2,637,903 | 2,606,485 | 2,559,372 | 2,493,642 | 2,402,948 | 2,301,260 | 2,077,317 | 1,948,395 | 1,797,349 | 1,752,192 | 1,913,864 | 1,971,123 | 2,094,664 | 2,131,278 | 2,133,642 | 2,154,581 | 2,167,127 |
| Receivables | US$ in thousands | 413,806 | 481,125 | 509,801 | 417,868 | 440,102 | 436,715 | 425,553 | 375,626 | 383,444 | 421,703 | 386,133 | 342,416 | 296,817 | 331,232 | 302,303 | 307,064 | 334,634 | 460,044 | 451,487 | 404,609 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,512,084K ÷ $413,806K
= 6.07
To analyze Belden Inc's receivables turnover, we can observe a fluctuating trend over the past eight quarters. The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
The data shows that Belden Inc's receivables turnover ratio ranged from 5.22 to 6.61 over the past eight quarters. In Q1 2023 and Q4 2022, the company achieved the highest turnover ratios of 6.31 and 5.92, respectively. This indicates that Belden Inc was more efficient in collecting its accounts receivable during these quarters.
However, in Q2 2023 and Q3 2023, the receivables turnover ratios decreased to 5.22 and 5.45, respectively. This downward trend suggests that the company may have experienced challenges in collecting its receivables efficiently during those periods.
Overall, Belden Inc's receivables turnover ratio demonstrates some variability, and it would be crucial for the company to closely monitor its accounts receivable collection process to maintain or improve its efficiency in managing receivables.
Peer comparison
Dec 31, 2023