Bruker Corporation (BRKR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		1.50	1.53	1.70	1.51	1.87
DOH	days	243.54	238.40	214.51	241.18	195.56

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.50
= 243.54

The days of inventory on hand (DOH) for Bruker Corp has shown some fluctuations over the past five years. In 2023, the DOH increased to 243.54 days from 238.40 days in 2022. This indicates that the company is holding inventory for a longer period in 2023 compared to the previous year. In 2021, there was a decrease in DOH to 214.51 days, which may suggest more efficient inventory management during that period. However, the DOH increased again in 2022 and 2020, reaching 241.18 days and 195.56 days, respectively.

Overall, the trend in DOH for Bruker Corp seems to indicate some challenges in managing inventory levels effectively. A high DOH could tie up capital in inventory, potentially leading to increased storage costs and risks of obsolescence. It is important for the company to strike a balance in inventory management to optimize working capital and maintain competitive operations.