Bruker Corporation (BRKR)

Receivables 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
Revenue (ttm)	US$ in thousands	2,964,500	2,818,400	2,714,500	2,621,000	2,530,700	2,505,800	2,475,800	2,458,200	2,417,900	2,361,900	2,264,400	2,118,200	1,987,500	1,959,900	1,969,600	2,035,200	2,072,600	2,026,300	1,971,800	1,925,300
Receivables	US$ in thousands	537,900	567,700	526,700	471,700	472,700	421,300	402,600	413,800	416,900	372,100	337,000	326,000	335,300	329,900	324,500	325,500	362,200	358,800	348,000	360,400
Receivables turnover		5.51	4.96	5.15	5.56	5.35	5.95	6.15	5.94	5.80	6.35	6.72	6.50	5.93	5.94	6.07	6.25	5.72	5.65	5.67	5.34

December 31, 2023 calculation

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

Based on the data provided, the receivables turnover for Bruker Corp has fluctuated over the past eight quarters. Receivables turnover measures how efficiently a company is collecting payments from its customers during a specific period. A higher turnover ratio indicates that the company is effectively managing its accounts receivable by collecting payments in a timely manner.

In Q4 2023, Bruker Corp's receivables turnover was 6.03, showing an improvement compared to the previous quarter Q3 2023, where it was 4.30. This increase suggests that the company was able to collect payments from its customers more efficiently during this period. However, it is important to note that the receivables turnover ratio can be influenced by various factors such as industry norms, company policies, and customer payment trends.

Overall, Bruker Corp's receivables turnover has shown some variability over the past eight quarters, but it has generally remained above 4. This indicates that the company has been effectively managing its accounts receivable and collecting payments from its customers in a timely manner.