Bruker Corporation (BRKR)

Working capital 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
Total current assets	US$ in thousands	2,053,200	2,164,200	2,113,200	2,471,800	1,925,000
Total current liabilities	US$ in thousands	1,281,300	1,202,100	914,300	938,500	791,900
Working capital turnover		4.36	3.08	2.11	1.58	1.75

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,366,400K ÷ ($2,053,200K – $1,281,300K)
= 4.36

To analyze Bruker Corporation's working capital turnover, we examine how efficiently the company is utilizing its working capital to generate sales revenue. The working capital turnover ratio measures the number of times a company's working capital is used to support sales over a specific period.

From the provided data, Bruker Corporation's working capital turnover has been fluctuating over the years. In 2020, the ratio was 1.75, indicating that the company generated $1.75 in sales for every dollar of working capital invested.

By the end of 2021, the working capital turnover ratio decreased to 1.58, suggesting a decrease in efficiency in utilizing working capital to generate sales revenue.

In 2022, the ratio improved significantly to 2.11, indicating a better utilization of working capital to support sales.

The trend continued in 2023, with a working capital turnover of 3.08, demonstrating a further improvement in the efficiency of working capital management and sales generation.

By the end of 2024, Bruker Corporation achieved a working capital turnover ratio of 4.36, indicating a substantial increase in efficiency in utilizing working capital to drive sales revenue.

Overall, the trend in Bruker Corporation's working capital turnover shows fluctuations over the years, with notable improvements in efficiency in recent years. A higher working capital turnover ratio generally indicates better utilization of working capital to support sales, which can be a positive sign of operational efficiency and effective management of working capital resources.