Bruker Corporation (BRKR)
Payables 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 |
| Payables | US$ in thousands | 234,100 | 202,700 | 178,400 | 147,400 | 134,600 |
| Payables turnover | 7.33 | 7.16 | 6.87 | 8.20 | 7.78 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,716,900K ÷ $234,100K
= 7.33
Bruker Corporation's payables turnover ratio, which measures how efficiently the company pays its suppliers, has shown some fluctuation over the past five years. The ratio increased from 7.78 in December 2020 to 8.20 in December 2021, indicating that the company was paying its suppliers slightly faster during that period. However, in the following years, the payables turnover ratio decreased to 6.87 in December 2022, then increased to 7.16 in December 2023, and further increased to 7.33 in December 2024.
Overall, the payables turnover ratio for Bruker Corporation has shown some variability, but it generally suggests that the company is managing its accounts payable effectively. The higher ratios indicate that the company is paying its suppliers more quickly, which could potentially signal strong liquidity and good relationships with its vendors.
Peer comparison
Dec 31, 2024