Bruker Corporation (BRKR)
Total 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 |
| Total assets | US$ in thousands | 4,249,900 | 3,611,800 | 3,650,000 | 3,049,000 | 2,771,500 |
| Total asset turnover | 0.70 | 0.70 | 0.66 | 0.65 | 0.75 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,964,500K ÷ $4,249,900K
= 0.70
The total asset turnover ratio measures the efficiency with which a company utilizes its total assets to generate revenue. A higher ratio indicates that the company is utilizing its assets more effectively to generate sales.
In the case of Bruker Corp, the total asset turnover has been relatively stable, ranging between 0.65 and 0.75 over the past five years. This suggests that the company has maintained a consistent level of efficiency in generating sales with its total assets during this period.
While the total asset turnover ratio alone does not provide a complete picture of the company's financial performance, it is a useful indicator of operational efficiency and can be used in conjunction with other financial ratios and metrics to assess the overall health of the company.
Peer comparison
Dec 31, 2023