Bruker Corporation (BRKR)

Number of days of payables

		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
Payables turnover		7.16	7.55	6.95	6.43	6.87	7.76	7.88	7.57	8.20	8.37	8.02	7.17	7.78	9.10	8.73	8.36	9.10	9.04	8.34	7.98
Number of days of payables	days	50.98	48.37	52.48	56.75	53.16	47.01	46.31	48.19	44.53	43.61	45.51	50.91	46.89	40.10	41.80	43.64	40.12	40.36	43.78	45.72

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.16
= 50.98

The number of days of payables for Bruker Corp has shown some fluctuations over the past eight quarters. In Q4 2023, the number of days of payables was 50.98 days, slightly higher compared to the previous quarter. Despite this increase, the company has been able to effectively manage its payables in a reasonable range in recent quarters.

The general trend indicates that the number of days of payables has been relatively stable around the mid-40s to mid-50s range, with occasional fluctuations. This suggests that Bruker Corp has been maintaining a consistent approach in managing its payables and maintaining good relationships with its suppliers.

It is important to monitor this ratio in conjunction with other liquidity and efficiency ratios to gain a more comprehensive understanding of the company's financial health and operational efficiency. Overall, the number of days of payables for Bruker Corp reflects a balanced approach to managing its payables over the analyzed period.