Benchmark Electronics Inc (BHE)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.99 | 6.20 | 4.80 | 6.65 | 6.87 | |
| Number of days of payables | days | 52.23 | 58.86 | 75.97 | 54.85 | 53.10 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.99
= 52.23
The number of days of payables for Benchmark Electronics Inc. has varied over the past five years. In 2023, the company took an average of 52.23 days to pay its suppliers, showing an improvement from the previous year. This indicates the company is managing its accounts payables more efficiently in 2023 compared to 2022, where it took 58.86 days to settle its payables.
When comparing the data to 2021, the number of days of payables was significantly lower in 2023, indicating a substantial decrease in the time taken to pay suppliers. In 2020, the number of days of payables was close to the 2023 figure, suggesting some consistency in managing payables during these two years.
Overall, the trend shows fluctuations in the number of days of payables over the five-year period, with 2023 exhibiting a more favorable performance compared to the previous years. Efficient management of payables is essential for optimizing working capital and maintaining good relationships with suppliers.
Peer comparison
Dec 31, 2023