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.