Bruker Corporation (BRKR)

Total 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
Total assets	US$ in thousands	5,806,700	6,112,900	5,902,600	4,506,400	4,249,900	3,819,600	3,857,000	3,763,900	3,611,800	3,336,900	3,384,800	3,550,700	3,650,000	3,127,700	3,087,000	3,034,900	3,049,000	2,879,400	2,943,400	2,961,900
Total asset turnover		0.58	0.53	0.53	0.67	0.70	0.74	0.70	0.70	0.70	0.75	0.73	0.69	0.66	0.76	0.73	0.70	0.65	0.68	0.67	0.69

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,366,400K ÷ $5,806,700K
= 0.58

Bruker Corporation's total asset turnover has shown some variability over the provided time period. It ranged from a low of 0.53 in June 30, 2024, to a high of 0.76 in September 30, 2021.

The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate sales. A higher ratio implies that the company is generating more sales per dollar of assets, which is generally favorable.

Bruker's total asset turnover fluctuated slightly but generally remained within a moderate range, indicating a reasonable efficiency in asset utilization. However, the significant drop in the ratio in June 30, 2024, may raise some concerns and warrant further investigation to understand if there are any underlying factors affecting the company's asset utilization efficiency.

Overall, a consistent and stable total asset turnover ratio over time is preferable as it signifies steady efficiency in generating sales from the company's assets.