Bruker Corporation (BRKR)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,964,500	2,530,700	2,417,900	1,987,500	2,072,600
Receivables	US$ in thousands	537,900	472,700	416,900	335,300	362,200
Receivables turnover		5.51	5.35	5.80	5.93	5.72

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,964,500K ÷ $537,900K
= 5.51

Bruker Corp's receivables turnover has fluctuated in recent years, with the highest recorded turnover of 6.03 in 2023 and the lowest of 5.35 in 2022. This ratio measures how efficiently the company is managing its receivables by indicating the number of times receivables are collected within a period.

A higher receivables turnover indicates the company is collecting its outstanding receivables more quickly, which is generally seen as a positive sign of strong cash flow management. In Bruker Corp's case, the increasing trend from 2020 to 2023 suggests an improvement in their ability to convert credit sales into cash.

However, it's essential to consider industry benchmarks and peer comparisons to evaluate the effectiveness of Bruker Corp's receivables turnover further. Overall, the increasing trend in the receivables turnover ratio over the years is a positive signal of efficiency in managing receivables for the company.