Bruker Corporation (BRKR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.16 | 6.87 | 8.20 | 7.78 | 9.10 | |
| Number of days of payables | days | 50.98 | 53.16 | 44.53 | 46.89 | 40.12 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.16
= 50.98
Bruker Corp's number of days of payables has been fluctuating over the past five years. In 2023, the company took approximately 51 days to pay its suppliers, which is a slight decrease from the previous year. This indicates that Bruker Corp has been able to manage its accounts payable more efficiently compared to 2022. However, the current number of days of payables is still higher than in 2021, suggesting that the company may be taking longer to settle its obligations.
Overall, Bruker Corp's number of days of payables has shown some volatility, potentially impacting its working capital management and relationships with suppliers. Monitoring this trend over time can provide insights into the company's financial health and operational efficiency in managing its payables effectively.
Peer comparison
Dec 31, 2023