Benchmark Electronics Inc (BHE)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	2,838,976	2,898,266	2,950,146	2,944,943	2,886,331	2,768,741	2,569,048	2,385,681	2,255,319	2,143,515	2,097,584	2,043,888	2,053,131	2,040,325	2,069,603	2,180,239	2,268,095	2,416,701	2,502,160	2,561,149
Receivables	US$ in thousands	449,404	479,037	484,654	461,911	491,965	479,207	446,538	382,000	356,224	313,483	290,319	277,187	309,748	306,890	302,617	318,954	325,543	349,153	363,684	406,018
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,838,976K ÷ $449,404K
= 6.32

The receivables turnover ratio measures how efficiently a company collects its accounts receivables during a specific period. Benchmark Electronics Inc.'s receivables turnover ratio has been relatively consistent over the past eight quarters, ranging from 5.75 to 6.38.

The higher the receivables turnover ratio, the quicker the company is collecting payments from its customers. A higher ratio indicates that the company is managing its accounts receivables effectively and efficiently converting credit sales into cash.

Benchmark Electronics Inc.'s average receivables turnover ratio over the last eight quarters is approximately 6.06, reflecting a consistent performance in collecting outstanding customer balances. This suggests that the company has a solid credit management and collection process in place.

It is important to monitor any significant fluctuations in the receivables turnover ratio as it could indicate changes in the company's credit policies, customer payment behavior, or overall market conditions. However, based on the data provided, Benchmark Electronics Inc. appears to have a stable and efficient accounts receivable management strategy.