Bruker Corporation (BRKR)
Fixed asset 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 |
| Property, plant and equipment | US$ in thousands | 669,300 | 599,700 | 487,000 | 406,100 | 395,500 |
| Fixed asset turnover | 5.03 | 4.94 | 5.20 | 5.95 | 5.03 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,366,400K ÷ $669,300K
= 5.03
The fixed asset turnover ratio measures how efficiently Bruker Corporation is utilizing its fixed assets to generate revenue.
For the years presented, the fixed asset turnover ratio has shown a relatively stable trend, fluctuating between 4.94 and 5.95. This indicates that Bruker Corporation is effectively leveraging its fixed assets to drive sales.
In 2021, the ratio peaked at 5.95, suggesting that the company was able to generate more revenue per dollar of fixed assets invested compared to other years. This could be attributed to better asset utilization or an increase in sales during that period.
On the other hand, in 2023, the ratio decreased to 4.94, indicating a slight decline in efficiency in utilizing fixed assets to generate revenue. This could be a signal for the company to review its asset management strategies and explore ways to enhance asset productivity.
Overall, the average fixed asset turnover ratio of Bruker Corporation over the years analyzed is 5.03, indicating that, on average, the company generates $5.03 in revenue for every dollar invested in fixed assets. This demonstrates a consistent and efficient utilization of fixed assets to drive sales and operational performance.
Peer comparison
Dec 31, 2024