Benchmark Electronics Inc (BHE)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	2,656,105	2,690,572	2,752,520	2,819,856	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
Receivables	US$ in thousands	412,458	372,276	376,568	417,396	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
Receivables turnover		6.44	7.23	7.31	6.76	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,656,105K ÷ $412,458K
= 6.44

The receivables turnover ratio for Benchmark Electronics Inc has shown some fluctuations over the years, indicating the efficiency of the company in collecting outstanding receivables.

From March 31, 2020 to June 30, 2020, the receivables turnover remained constant at 6.84, suggesting the company was able to convert its accounts receivables into cash every 53 days on average.

The ratio then slightly decreased to 6.65 by September 30, 2020, but this was still within a reasonable range. However, by December 31, 2020, the turnover ratio decreased further to 6.63, indicating a slightly slower collection of receivables.

The trend reversed in the following period, with the ratio increasing to 7.37 by March 31, 2021, and peaked at 7.31 by June 30, 2024, showing an improvement in the efficiency of collecting receivables.

Overall, the turnover ratio of Benchmark Electronics Inc has exhibited some variability but generally indicates that the company is efficiently managing its accounts receivables by converting them into cash within a reasonable timeframe.