Bruker Corporation (BRKR)

Cash conversion cycle

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
Days of inventory on hand (DOH) days 227.01 269.18 273.52 259.00 243.54 244.13 254.23 248.40 238.40 223.43 226.89 221.18 214.51 226.50 233.02 234.21 241.18 244.99 233.33 214.92
Days of sales outstanding (DSO) days 65.05 68.15 69.56 66.34 66.23 73.52 70.82 65.69 68.18 61.37 59.35 61.44 62.93 57.50 54.32 56.18 61.58 61.44 60.14 58.38
Number of days of payables days 49.77 50.18 51.24 48.63 50.98 48.37 52.48 56.75 53.16 47.01 46.31 48.19 44.53 43.61 45.51 50.91 46.89 40.10 41.80 43.64
Cash conversion cycle days 242.29 287.16 291.83 276.72 258.79 269.28 272.57 257.34 253.42 237.79 239.94 234.44 232.91 240.39 241.83 239.48 255.87 266.33 251.66 229.66

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 227.01 + 65.05 – 49.77
= 242.29

The cash conversion cycle of Bruker Corporation has fluctuated over the years. It increased from 229.66 days as of March 31, 2020, to a peak of 291.83 days as of June 30, 2024, before declining to 242.29 days as of December 31, 2024. The cash conversion cycle measures the time it takes for a company to convert its investment in inventory and other resources into cash flows from sales. A longer cycle indicates that the company is taking longer to generate cash from its operations, which may lead to liquidity issues and inefficiencies in the company's working capital management. Monitoring and managing the cash conversion cycle is crucial for Bruker Corporation to optimize its cash flow and working capital efficiency.