Bruker Corporation (BRKR)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		5.51	5.35	5.80	5.93	5.72
DSO	days	66.23	68.18	62.93	61.58	63.79

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.51
= 66.23

The Days Sales Outstanding (DSO) of Bruker Corp has shown a fluctuating trend over the past five years. In 2019, the DSO was 63.79 days, which slightly decreased to 61.58 days in 2020 before increasing to 62.93 days in 2021. Subsequently, there was a further increase to 68.18 days in 2022. However, there was a notable improvement in 2023, with the DSO decreasing to 60.58 days.

This improvement in DSO in 2023 suggests that Bruker Corp may have been collecting its accounts receivable more efficiently compared to the previous year. A lower DSO indicates that the company is collecting payments from customers more quickly, which can positively impact cash flows and liquidity.

Overall, the downward trend in DSO in 2023 reflects a potentially positive development in Bruker Corp's accounts receivable management, contributing to improved working capital and financial performance. It would be crucial to monitor this metric in future periods to assess the company's ability to effectively manage its receivables.