Bruker Corporation (BRKR)

Short-term

Turnover ratios

Based on the provided data, we will analyze the activity ratios of Bruker Corporation over the last few years.

1. Inventory Turnover: The inventory turnover ratio measures how efficiently the company manages its inventory. Bruker Corporation's inventory turnover has been relatively stable over the periods, fluctuating between 1.33 and 1.70. A higher ratio indicates better inventory management, as goods are sold and replaced more frequently.

2. Receivables Turnover: This ratio reflects how quickly the company collects payments from its customers. Bruker Corporation's receivables turnover fluctuated between 4.96 and 6.72 over the analyzed periods. A higher turnover ratio indicates that the company is efficient in collecting outstanding payments from customers.

3. Payables Turnover: The payables turnover ratio shows how quickly the company pays its suppliers. Bruker Corporation's payables turnover ranged from 6.43 to 9.10 during the periods analyzed. A higher ratio suggests that the company is taking longer to pay its suppliers, which can be beneficial in terms of managing cash flow.

4. Working Capital Turnover: This ratio indicates how effectively the company utilizes its working capital to generate sales. Bruker Corporation's working capital turnover increased steadily from 1.58 to 4.36 over the analyzed periods. A higher ratio signifies that the company is efficient in using its working capital to support its operations and generate revenue.

Overall, while Bruker Corporation has shown relatively stable inventory turnover and receivables turnover ratios, there has been an improvement in payables turnover and a significant increase in working capital turnover. These trends suggest that the company has been managing its resources and operations more efficiently in recent years.

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Average number of days

Bruker Corporation's days of inventory on hand have fluctuated over the years. The company's inventory turnover cycle has ranged from a low of 214.51 days to a high of 273.52 days during the period under review, indicating some inefficiency in managing inventory levels.

In terms of days of sales outstanding (DSO), the company's collection period has varied, with a low of 54.32 days and a high of 73.52 days. This suggests that Bruker Corporation has experienced fluctuations in its accounts receivable turnover efficiency.

On the other hand, the number of days of payables for Bruker Corporation has also varied, ranging between 40.10 days and 56.75 days. This indicates the company's ability to manage its accounts payable and payment cycle.

Overall, when analyzing these activity ratios, it appears that Bruker Corporation may need to focus on optimizing its inventory management and collection processes to improve efficiency and cash flow in the future.

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Long-term

Bruker Corporation's fixed asset turnover ratio has shown some fluctuations over the years, ranging from a high of 6.39 in March 2020 to a low of 4.67 in September 2024. The ratio indicates how efficiently the company is using its fixed assets to generate sales. Although there have been variations, the general trend shows that Bruker has been able to maintain a relatively high level of fixed asset turnover.

On the other hand, the total asset turnover ratio, which measures how well the company uses its total assets to generate revenue, has experienced fluctuations as well. The ratio ranged from a low of 0.53 in June 2024 to a high of 0.76 in September 2021. This indicates that while the company has been able to effectively utilize its assets to generate revenue at certain points, there have been periods where this efficiency has decreased.

Overall, the analysis of Bruker Corporation's long-term activity ratios suggests that the company has been able to maintain a relatively efficient use of its fixed assets over time, although there have been fluctuations in its overall asset turnover efficiency.