Bruker Corporation (BRKR)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,366,400 | 2,964,500 | 2,530,700 | 2,417,900 | 1,987,500 |
| Receivables | US$ in thousands | 600,000 | 537,900 | 472,700 | 416,900 | 335,300 |
| Receivables turnover | 5.61 | 5.51 | 5.35 | 5.80 | 5.93 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,366,400K ÷ $600,000K
= 5.61
The receivables turnover for Bruker Corporation has shown a consistent trend over the past five years. In December 2020, the receivables turnover was 5.93, indicating that the company collected its accounts receivable approximately 5.93 times during the year. This ratio decreased slightly to 5.80 in December 2021 before further declining to 5.35 in December 2022.
However, there was a slight improvement in December 2023, with the receivables turnover increasing to 5.51, and another increase to 5.61 in December 2024. Overall, the company has been able to manage its accounts receivable efficiently, albeit with some fluctuations in the turnover ratio. This suggests that Bruker Corporation has been effective in collecting its outstanding receivables within a reasonable period, ensuring a healthy cash flow from its sales transactions.
Peer comparison
Dec 31, 2024