Bruker Corporation (BRKR)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,716,900	1,451,200	1,225,000	1,208,300	1,047,700
Inventory	US$ in thousands	1,067,800	968,300	800,100	710,100	692,300
Inventory turnover		1.61	1.50	1.53	1.70	1.51

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,716,900K ÷ $1,067,800K
= 1.61

The inventory turnover of Bruker Corporation has shown some fluctuations over the past five years. In 2020, the inventory turnover was 1.51, indicating that the company's inventory was turned over approximately 1.51 times during that year. By the end of 2021, the inventory turnover had improved to 1.70, suggesting that the efficiency of inventory management had increased. In 2022, the inventory turnover slightly decreased to 1.53, but then remained relatively stable around 1.50 in 2023.

However, by the end of 2024, the inventory turnover improved to 1.61, indicating that the company was able to manage its inventory more efficiently during that year. Overall, the trend in inventory turnover suggests that Bruker Corporation has made efforts to optimize its inventory management processes, although there have been some fluctuations in performance over the years.