Bruker Corporation (BRKR)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,964,500	2,530,700	2,417,900	1,987,500	2,072,600
Property, plant and equipment	US$ in thousands	599,700	487,000	406,100	395,500	306,100
Fixed asset turnover		4.94	5.20	5.95	5.03	6.77

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,964,500K ÷ $599,700K
= 4.94

Bruker Corp's fixed asset turnover has exhibited fluctuations over the past five years. The ratio measures how efficiently the company generates revenue relative to its investment in fixed assets. A higher fixed asset turnover indicates better utilization of fixed assets to generate sales.

In 2019, Bruker Corp had the highest fixed asset turnover of 6.77, suggesting that the company generated $6.77 in sales for every dollar invested in fixed assets. This high turnover ratio indicates effective management of fixed assets to drive revenue.

However, the fixed asset turnover ratio decreased to 5.03 in 2020, rebounded slightly to 5.95 in 2021, and then decreased further to 5.20 in 2022. The decrease in turnover ratios could indicate challenges in efficiently utilizing fixed assets to generate revenue, potentially due to changes in operational efficiency or lower sales volume.

In 2023, Bruker Corp's fixed asset turnover ratio improved to 4.94 but remained below the levels seen in 2019 and 2021. While the increase is a positive sign, the company may need to focus on optimizing the utilization of its fixed assets to improve efficiency and profitability in the long run.

Overall, Bruker Corp's fixed asset turnover ratios demonstrate varying levels of efficiency in generating revenue from fixed assets over the years, suggesting the need for continuous monitoring and potential strategic adjustments to enhance operational performance.