Bruker Corporation (BRKR)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	436,900	464,400	471,200	458,900	432,700	427,100	409,000	420,700	413,300	400,700	368,700	321,000	248,300	253,200	259,800	275,400	300,900	289,600	270,900	266,200
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
Operating ROA		10.28%	12.16%	12.22%	12.19%	11.98%	12.80%	12.08%	11.85%	11.32%	12.81%	11.94%	10.58%	8.14%	8.79%	8.83%	9.30%	10.86%	12.31%	11.53%	11.87%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $436,900K ÷ $4,249,900K
= 10.28%

To analyze Bruker Corp's operating return on assets (operating ROA) over the past eight quarters, we observe a relatively consistent trend with fluctuations within a narrow range. The operating ROA has ranged from a high of 13.63% in Q3 2022 to a low of 11.38% in Q4 2023.

The average operating ROA over the period is approximately 12.70%. This indicates that, on average, for every dollar of assets the company has, it generates around $0.127 in operating income.

The stability in the operating ROA suggests that Bruker Corp has been effectively utilizing its assets to generate operating income consistently. However, the slight fluctuations in the ratio indicate that there may have been some variability in the company's operational performance throughout the quarters.

Overall, Bruker Corp's operating ROA trend indicates that the company has been relatively efficient in generating operating income from its assets, though it may need to monitor and manage any fluctuations in performance to ensure continued profitability and efficiency in asset utilization.