Benchmark Electronics Inc (BHE)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		6.32	5.87	6.33	6.63	6.97
DSO	days	57.78	62.21	57.65	55.07	52.39

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.32
= 57.78

Benchmark Electronics Inc.'s Days of Sales Outstanding (DSO) has shown fluctuations over the past five years. In 2019, the DSO was at 52.39 days, which increased to 55.07 days in 2020 before further increasing to 57.65 days in 2021. However, there was a slight improvement in 2022, with the DSO decreasing to 62.21 days. The most recent data for 2023 indicates a further reduction in DSO to 57.78 days.

Overall, the trend in DSO for Benchmark Electronics Inc. suggests a slight increase from 2019 to 2021, followed by a small decline in 2022 and a slight increase again in 2023. This metric is essential for assessing the company's efficiency in collecting receivables, with lower DSO values generally indicating faster collection of sales revenue. Further analysis of the company's receivables management policies and potential changes in customer payment behavior may provide insights into the fluctuations seen in the DSO figures over the past five years.