Danaher Corporation (DHR)

Days of sales outstanding (DSO)

		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
Receivables turnover		7.02	7.01	7.19	7.14	6.38	7.06	—	—	6.31	—	—	—	5.43	—	—	—	—	—	—	—
DSO	days	52.03	52.07	50.79	51.09	57.20	51.72	—	—	57.81	—	—	—	67.16	—	—	—	—	—	—	—

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.02
= 52.03

In analyzing Danaher Corp.'s Days Sales Outstanding (DSO) over the past eight quarters, we observe a general trend of fluctuating DSO figures. The DSO represents the average number of days that a company takes to collect revenue after a sale is made.

From Q1 2022 to Q2 2023, there is a mix of increases and decreases in the DSO figures, indicating variability in the company's collection efficiency. Notably, Q4 2023 shows a higher DSO of 59.92 days compared to previous quarters, suggesting a potential delay in collecting receivables during that period.

Overall, despite fluctuations, Danaher Corp. has maintained its DSO within a relatively stable range of around 50 to 60 days over the past eight quarters. Further analysis of the underlying factors driving the changes in DSO could provide insights into the company's credit policies, customer payment behavior, and overall financial performance.