Belden Inc (BDC)
Working capital 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 |
| Total current assets | US$ in thousands | 1,456,980 | 1,536,210 | 1,877,640 | 1,098,400 | 1,377,750 |
| Total current liabilities | US$ in thousands | 633,504 | 639,919 | 752,866 | 520,761 | 722,544 |
| Working capital turnover | 3.05 | 2.91 | 2.05 | 3.03 | 3.25 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,512,080K ÷ ($1,456,980K – $633,504K)
= 3.05
Based on the data provided, Belden Inc's working capital turnover has shown some fluctuation over the past five years. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales.
In 2023, the working capital turnover ratio was 3.05, indicating that Belden Inc generated $3.05 in revenue for every dollar of working capital invested. This was slightly lower than the ratio in 2022 (2.91), suggesting a slight decrease in efficiency in managing working capital to generate sales.
Comparing to the data from 2021, the company's efficiency improved as the working capital turnover ratio increased to 3.22. This trend was consistent with the ratios in 2020 and 2019, where the working capital turnover remained relatively stable at 3.22 and 3.25 respectively.
Overall, Belden Inc has maintained a relatively stable working capital turnover ratio over the past five years, indicating consistent efficiency in utilizing its working capital to generate sales. However, fluctuations in the ratio over the years may warrant further investigation into the company's working capital management practices to ensure sustained operational efficiency.
Peer comparison
Dec 31, 2023