Bruker Corporation (BRKR)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	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	1,077,300	1,054,500	1,031,300	1,010,000
Payables	US$ in thousands	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	118,400	116,600	123,700	126,500
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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,451,200K ÷ $202,700K
= 7.16

The payables turnover ratio for Bruker Corp has been relatively stable over the past eight quarters, ranging from 6.43 to 7.88. This ratio measures how efficiently the company is managing its accounts payable by indicating the number of times the company pays off its suppliers within a specific period.

A higher payables turnover ratio typically suggests that the company is paying its suppliers more quickly, which could be beneficial in terms of maintaining good relationships and potentially negotiating better terms. On the other hand, a consistently high ratio may indicate that the company is not taking advantage of potential credit terms offered by its suppliers.

Overall, Bruker Corp's payables turnover has remained fairly consistent, indicating a stable payment relationship with its suppliers. It is essential for the company to continue monitoring this ratio to ensure efficient management of accounts payable and optimize its working capital management.