Bruker Corporation (BRKR)

Total 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
Total assets	US$ in thousands	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	2,771,500	2,352,100	2,349,700	2,242,500
Total asset turnover		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	0.75	0.86	0.84	0.86

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,964,500K ÷ $4,249,900K
= 0.70

Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. Bruker Corp's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.69 to 0.75. This indicates that the company is generating approximately $0.70 to $0.75 in revenue for every $1 of assets it holds during these periods.

Overall, Bruker Corp's total asset turnover ratio suggests that the company is effectively utilizing its assets to generate revenue. A consistent ratio over time may indicate that the company has efficient asset management and is effectively using its resources to drive sales. However, it would be advisable to compare this ratio with industry benchmarks and competitors to gain a more comprehensive understanding of Bruker Corp's asset utilization efficiency.