Benchmark Electronics Inc (BHE)

Days of sales outstanding (DSO)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		6.32	6.05	6.09	6.38	5.87	5.78	5.75	6.25	6.33	6.84	7.23	7.37	6.63	6.65	6.84	6.84	6.97	6.92	6.88	6.31
DSO	days	57.78	60.33	59.96	57.25	62.21	63.17	63.44	58.44	57.65	53.38	50.52	49.50	55.07	54.90	53.37	53.40	52.39	52.73	53.05	57.86

December 31, 2023 calculation

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

To analyze Benchmark Electronics Inc.'s days of sales outstanding (DSO) over the past eight quarters, we observe fluctuations in the collection period for accounts receivable.

In Q4 2023, DSO stood at 57.78 days, showing a slight improvement compared to the previous quarter where it was 60.33 days. This indicates that the company was able to collect its outstanding sales revenues more efficiently during this quarter.

Looking back further, we notice a general trend of fluctuation in DSO over the quarters. While there have been periods of increase, such as Q3 2022 and Q2 2022 with DSO of 63.17 days and 63.44 days respectively, there have also been instances of decreased collection periods, like in Q1 2022 with a DSO of 58.44 days.

It is important to note that a lower DSO suggests that Benchmark Electronics Inc. is collecting its accounts receivable more quickly, which could be a positive sign of efficient cash flow management. However, it is essential to continue monitoring DSO trends over time to ensure the company maintains healthy liquidity and working capital levels.