Bruker Corporation (BRKR)

Days of inventory on hand (DOH)

		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
Inventory turnover		1.50	1.50	1.44	1.47	1.53	1.63	1.61	1.65	1.70	1.61	1.57	1.56	1.51	1.49	1.56	1.70	1.87	1.80	1.73	1.86
DOH	days	243.54	244.13	254.23	248.40	238.40	223.43	226.89	221.18	214.51	226.50	233.02	234.21	241.18	244.99	233.33	214.92	195.56	203.08	210.44	195.80

December 31, 2023 calculation

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

The days of inventory on hand (DOH) for Bruker Corp have been relatively stable over the past eight quarters, ranging between 221.18 days to 254.23 days. The company's inventory turnover rate seems to be consistent, with only moderate fluctuations. This indicates that Bruker is managing its inventory efficiently and effectively, maintaining a balance between stocking enough inventory to meet demand and minimizing excess inventory holding costs. Overall, the DOH trend suggests that Bruker has been able to optimize its inventory management practices to support its operations and financial performance effectively.