Bruker Corporation (BRKR)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	3,366,400	3,241,300	3,119,700	3,000,900	2,964,500	2,818,400	2,714,500	2,621,000	2,530,700	2,505,800	2,475,800	2,458,200	2,417,900	2,361,900	2,264,400	2,118,200	1,987,500	1,959,900	1,969,600	2,035,200
Property, plant and equipment	US$ in thousands	669,300	693,900	656,600	586,100	599,700	527,000	522,700	510,900	487,000	421,500	395,000	403,800	406,100	389,400	398,000	384,100	395,500	354,600	335,900	318,600
Fixed asset turnover		5.03	4.67	4.75	5.12	4.94	5.35	5.19	5.13	5.20	5.94	6.27	6.09	5.95	6.07	5.69	5.51	5.03	5.53	5.86	6.39

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,366,400K ÷ $669,300K
= 5.03

The fixed asset turnover ratio for Bruker Corporation has shown some fluctuations over the reported periods. The ratio measures the efficiency of the company in generating sales revenue from its fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets more efficiently to generate revenue.

From March 31, 2020, to June 30, 2022, the fixed asset turnover ratio generally increased steadily from 6.39 to 6.27, indicating improved efficiency in generating sales from fixed assets. However, from September 30, 2022, to June 30, 2024, the ratio started to decline, reaching a low of 4.67 on September 30, 2024.

The decrease in the fixed asset turnover ratio could suggest that Bruker Corporation may be facing challenges in effectively utilizing its fixed assets to generate revenue during those periods. It may indicate inefficiencies in asset management, underutilization of fixed assets, or a decrease in sales relative to the book value of fixed assets.

Overall, Bruker Corporation should closely monitor its fixed asset turnover ratio and identify areas for improvement in asset utilization to enhance operational efficiency and profitability.