Bruker Corporation (BRKR)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,451,200	1,225,000	1,208,300	1,047,700	1,077,300
Inventory	US$ in thousands	968,300	800,100	710,100	692,300	577,200
Inventory turnover		1.50	1.53	1.70	1.51	1.87

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,451,200K ÷ $968,300K
= 1.50

Bruker Corp's inventory turnover has been fluctuating over the past five years. The ratio was 1.50 in 2023, slightly lower than the previous year's ratio of 1.53. In 2021, the ratio was at its highest at 1.70, indicating that the company's inventory was being converted into sales more efficiently compared to the other years. The ratios for 2020 and 2019 were 1.51 and 1.87 respectively. These variations suggest that Bruker Corp's management of inventory turnover has not been consistent, and they may need to focus on improving inventory management strategies to enhance operational efficiency.