Bruker Corporation (BRKR)

Payables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	1,716,900	1,654,800	1,569,200	1,494,500	1,451,200	1,369,500	1,313,100	1,261,900	1,225,000	1,224,400	1,221,000	1,221,000	1,208,300	1,180,900	1,143,800	1,092,000	1,047,700	1,036,800	1,040,900	1,062,300
Payables	US$ in thousands	234,100	227,500	220,300	199,100	202,700	181,500	188,800	196,200	178,400	157,700	154,900	161,200	147,400	141,100	142,600	152,300	134,600	113,900	119,200	127,000
Payables turnover		7.33	7.27	7.12	7.51	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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,716,900K ÷ $234,100K
= 7.33

The payables turnover of Bruker Corporation has shown fluctuations over the past few years according to the provided data. The ratio indicates how efficiently the company is managing its trade credit and paying off its suppliers.

From March 31, 2020, to September 30, 2021, the payables turnover ratio generally increased, suggesting an improvement in the company's ability to manage its accounts payable. However, from December 31, 2021, to March 31, 2024, the ratio declined, signaling a potential slowdown in the payment of its suppliers.

Overall, the payables turnover ratio ranges from a high of 9.10 on September 30, 2020, to a low of 6.43 on March 31, 2023. The average payables turnover ratio during this period is approximately 7.68. It is crucial for Bruker Corporation to strike a balance in managing its payables to maintain healthy relationships with suppliers while also effectively utilizing its working capital.