Bruker Corporation (BRKR)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	3,366,400	3,241,300	3,119,700	3,000,900	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
Receivables	US$ in thousands	600,000	605,200	594,500	545,400	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
Receivables turnover		5.61	5.36	5.25	5.50	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,366,400K ÷ $600,000K
= 5.61

The receivables turnover of Bruker Corporation has been fluctuating over the analyzed periods. The turnover ratio measures how efficiently the company is collecting its accounts receivable during a specific period.

From March 31, 2020, to September 30, 2021, the receivables turnover generally increased, indicating that Bruker was collecting its receivables at a faster rate during this time frame. This trend suggests effective management of credit policies and collections processes, leading to quicker cash conversion from credit sales.

However, from December 31, 2021, to June 30, 2024, the receivables turnover declined gradually. This downturn may imply potential issues with collections or an increase in credit sales without a corresponding improvement in collections efficiency. A declining receivables turnover could signal increased credit risk, slower collections, or inefficient credit management, which might impact the company's liquidity and cash flow.

It is essential for Bruker Corporation to monitor its receivables turnover closely and take necessary steps to improve collections efficiency if the ratio continues to decline. A consistent or increasing receivables turnover ratio is generally favorable as it indicates effective credit management and timely collection of outstanding receivables, contributing to improved cash flow and overall financial health.