Belden Inc (BDC)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,460,979 | 2,346,180 | 2,318,061 | 2,405,970 | 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 |
| Receivables | US$ in thousands | 409,711 | 430,176 | 396,850 | 356,401 | 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 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,460,979K ÷ $409,711K
= 6.01
The receivables turnover ratio for Belden Inc has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company collects outstanding receivables during a specific period.
The trend in Belden Inc's receivables turnover ratio shows a general decline from March 31, 2020 (6.82) to September 30, 2021 (4.93) before demonstrating some recovery. From December 31, 2021 (6.00) the ratio rose and remained relatively stable above 5, peaking at 6.75 on March 31, 2024.
A high receivables turnover ratio indicates a more efficient management of receivables and a quicker conversion to cash. Conversely, a lower ratio may suggest potential issues in collecting outstanding receivables efficiently. In the case of Belden Inc, the improvement in the receivables turnover ratio towards the end of the period may reflect enhanced collections processes or better credit management.
It is essential for Belden Inc to continue monitoring and managing its receivables effectively to ensure timely collections and maintain a healthy cash flow position. Further analysis of the company's receivables management strategies and comparison with industry benchmarks could provide additional insights into its financial health and efficiency.
Peer comparison
Dec 31, 2024