Danaher Corporation (DHR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 23,875,000 | 23,890,000 | 31,471,000 | 29,453,000 | 22,284,000 |
| Property, plant and equipment | US$ in thousands | — | — | 3,956,000 | 3,790,000 | 3,262,000 |
| Fixed asset turnover | — | — | 7.96 | 7.77 | 6.83 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $23,875,000K ÷ $—K
= —
The fixed asset turnover ratio for Danaher Corporation has shown a positive trend over the years, increasing from 6.83 in December 2020 to 7.77 in December 2021 and further to 7.96 in December 2022. This indicates that the company is generating more revenue from its fixed assets each year, reflecting efficient utilization of its long-term assets to generate sales.
However, it is worth noting that the data for December 2023 and December 2024 is unavailable (indicated by "—"), which makes it challenging to assess the trend accurately for those periods. It would be beneficial to have the complete data for a more comprehensive analysis of the company's performance in those years.
Overall, the increasing trend in fixed asset turnover until 2022 suggests that Danaher Corporation has been effectively managing and leveraging its fixed assets to drive revenue growth. This ratio is essential in assessing the efficiency of the company's asset utilization and can provide valuable insights into its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024