Belden Inc (BDC)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,460,980 | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 |
| Total current assets | US$ in thousands | 1,196,230 | 1,456,980 | 1,536,210 | 1,877,640 | 1,098,400 |
| Total current liabilities | US$ in thousands | 622,704 | 633,504 | 639,919 | 752,866 | 520,761 |
| Working capital turnover | 4.29 | 3.05 | 2.91 | 2.05 | 3.03 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,460,980K ÷ ($1,196,230K – $622,704K)
= 4.29
The working capital turnover ratio of Belden Inc has shown fluctuations over the past five years. In December 31, 2020, the ratio was 3.03, indicating that the company generated $3.03 for every $1 of working capital. This ratio decreased to 2.05 by December 31, 2021, suggesting a decline in efficiency in utilizing working capital.
However, the ratio improved in the following years with levels of 2.91 in December 31, 2022, 3.05 in December 31, 2023, and significantly increased to 4.29 by December 31, 2024. This positive trend indicates that Belden Inc has been more effective in managing its working capital to generate sales revenue.
Overall, the working capital turnover ratio of Belden Inc has shown variability but generally improved over the years, reflecting enhanced efficiency in utilizing working capital to support the company's operations and generate revenue.
Peer comparison
Dec 31, 2024