Bruker Corporation (BRKR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 427,200 | 296,600 | 277,100 | 157,800 | 197,200 |
| Total assets | US$ in thousands | 4,249,900 | 3,611,800 | 3,650,000 | 3,049,000 | 2,771,500 |
| ROA | 10.05% | 8.21% | 7.59% | 5.18% | 7.12% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $427,200K ÷ $4,249,900K
= 10.05%
Bruker Corp's return on assets (ROA) has demonstrated a positive trend over the past five years. The ROA has steadily increased from 7.12% in 2019 to 10.05% in 2023. This indicates that the company has been effectively utilizing its assets to generate profits for its shareholders. The consistent improvement in ROA reflects efficient asset management and profitability growth. Bruker Corp's ability to generate a higher return on its assets signifies that the company is becoming more efficient in generating profits relative to the size of its asset base. Overall, the increasing trend in ROA indicates a positive financial performance for Bruker Corp.
Peer comparison
Dec 31, 2023