Belden Inc (BDC)
Working capital 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 |
| Total current assets | US$ in thousands | 1,196,230 | 1,198,300 | 1,412,540 | 1,314,390 | 1,456,980 | 1,412,350 | 1,436,520 | 1,441,070 | 1,536,210 | 1,384,610 | 1,408,850 | 1,393,680 | 1,877,640 | 1,267,990 | 1,164,970 | 1,064,390 | 1,098,400 | 1,006,760 | 1,191,120 | 1,186,970 |
| Total current liabilities | US$ in thousands | 622,704 | 579,310 | 829,655 | 514,530 | 633,504 | 553,171 | 567,787 | 534,485 | 639,919 | 545,502 | 590,337 | 583,548 | 752,866 | 622,427 | 582,537 | 508,006 | 520,761 | 457,782 | 539,062 | 574,218 |
| Working capital turnover | 4.29 | 3.79 | 3.98 | 3.01 | 3.05 | 3.05 | 3.07 | 2.91 | 2.91 | 3.05 | 3.05 | 2.97 | 2.05 | 3.22 | 3.35 | 3.23 | 3.03 | 3.49 | 3.02 | 3.42 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,460,979K ÷ ($1,196,230K – $622,704K)
= 4.29
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue.
Based on the data provided for Belden Inc, the working capital turnover ratio fluctuated over the past few years. It ranged from a low of 2.05 on December 31, 2021, to a high of 4.29 on December 31, 2024.
A higher turnover ratio indicates that the company is effectively using its working capital to support its operations and generate sales. Conversely, a lower ratio may suggest inefficiency or underutilization of working capital.
During the period under consideration, Belden Inc experienced fluctuations in its working capital turnover ratio, which could indicate changes in its operational efficiency and liquidity management. Further analysis is needed to understand the underlying reasons for these fluctuations and their impact on the company's overall financial performance.
Peer comparison
Dec 31, 2024