Benchmark Electronics Inc (BHE)

Number of days of payables

		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
Payables turnover		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	6.87	7.50	6.19	6.35
Number of days of payables	days	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	53.10	48.70	59.01	57.51

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.99
= 52.23

Number of days of payables for Benchmark Electronics Inc. have shown a downtrend in the most recent quarters. In Q4 2023, the number of days of payables decreased to 52.23 days from 53.12 in Q3 2023, indicating the company took fewer days to pay its suppliers. This trend is consistent with the gradual decline observed since Q1 2023 when it was 57.37 days. Compared to the same quarter in the previous year (Q4 2022), where the number of days of payables was 58.86 days, the company has improved its efficiency in managing its payables. Overall, the downward trend suggests that Benchmark Electronics Inc. has been optimizing its working capital management by reducing the number of days it takes to pay its suppliers.