Bruker Corporation (BRKR)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	2,072,600	2,026,300	1,971,800	1,925,300
Property, plant and equipment	US$ in thousands	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	306,100	278,100	281,900	267,600
Fixed asset turnover		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	6.77	7.29	6.99	7.19

December 31, 2023 calculation

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

The fixed asset turnover for Bruker Corp has shown a decreasing trend from Q2 2022 to Q1 2023, with a slight uptick in Q2 and Q3 2023. This ratio measures how efficiently the company generates sales from its investment in fixed assets.

A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales revenue. Bruker Corp's fixed asset turnover has been consistently above 5.0 over the past few quarters, indicating efficient utilization of fixed assets.

However, the recent slight decrease in the ratio from Q2 2022 to Q1 2023 and subsequent increase in Q2 and Q3 2023 could suggest that the company's sales generated from fixed assets have fluctuated or that the company has made significant investments in fixed assets that have not yet yielded proportionate increases in sales.

Overall, Bruker Corp's fixed asset turnover is relatively high, suggesting effective management of fixed assets to generate sales revenue, but monitoring trends in this ratio over time can provide insights into the company's investment efficiency and operational performance.