Benchmark Electronics Inc (BHE)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.74 | 6.79 | 7.16 | 7.31 | 6.99 | 6.87 | 6.42 | 6.36 | 6.20 | 4.83 | 4.67 | 4.73 | 4.80 | 4.86 | 5.03 | 5.75 | 6.65 | 6.65 | 6.26 | 6.34 | |
| Number of days of payables | days | 54.18 | 53.76 | 51.01 | 49.96 | 52.23 | 53.12 | 56.84 | 57.37 | 58.86 | 75.57 | 78.23 | 77.11 | 75.97 | 75.12 | 72.63 | 63.48 | 54.85 | 54.90 | 58.35 | 57.58 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.74
= 54.18
The number of days of payables for Benchmark Electronics Inc has shown some fluctuations over the reported periods. From March 31, 2020, to June 30, 2024, the number of days of payables has ranged from a low of 49.96 days to a high of 78.23 days.
Initially, the number of days of payables increased gradually from around 57 days in March 2020 to around 75 days by September 2021. This indicates that the company was taking longer to pay its suppliers during this period. However, there was a slight decrease in the number of days of payables to around 52 days by December 2023, suggesting a possible improvement in the company's payment cycle efficiency.
Overall, the trend in the number of days of payables indicates some variability in Benchmark Electronics Inc's payment practices over the reporting periods, with periods of extended payables followed by potential improvements in payment efficiency. Monitoring this ratio can provide insights into the company's liquidity management and relationships with suppliers.
Peer comparison
Dec 31, 2024