Benchmark Electronics Inc (BHE)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,656,100 | 2,838,980 | 2,886,330 | 2,255,320 | 2,053,130 |
| Receivables | US$ in thousands | 412,458 | 449,404 | 491,965 | 356,224 | 309,748 |
| Receivables turnover | 6.44 | 6.32 | 5.87 | 6.33 | 6.63 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,656,100K ÷ $412,458K
= 6.44
The receivables turnover for Benchmark Electronics Inc has exhibited a consistent trend over the past five years. It stood at 6.63 in December 2020, slightly decreased to 6.33 in December 2021, further declined to 5.87 in December 2022, experienced a slight recovery to 6.32 in December 2023, and rose to 6.44 by December 2024.
The decreasing trend from 2020 to 2022 indicates a longer collection period for the company's accounts receivable, which could potentially signal inefficiencies in managing credit and collecting payments. However, the subsequent increase in 2023 and 2024 suggests an improvement in collecting receivables more efficiently.
Overall, although there have been fluctuations, the company's receivables turnover ratio has remained within a relatively stable range, and the recent uptick may indicate better management of credit and collections processes. It is important for Benchmark Electronics Inc to monitor and potentially further improve its receivables turnover to ensure timely collection of outstanding payments.
Peer comparison
Dec 31, 2024