Danaher Corporation (DHR)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	23,875,000	20,030,000	21,105,000	22,519,000	23,890,000	29,566,000	30,356,000	30,950,000	31,471,000	31,250,000	30,816,000	30,283,000	29,453,000	28,065,000	26,719,200	24,798,600	22,283,700	20,392,100	19,546,200	19,405,400
Property, plant and equipment	US$ in thousands	—	—	—	—	—	5,302,000	4,176,000	4,065,000	3,956,000	3,719,000	3,794,000	3,815,000	3,790,000	3,640,000	4,378,000	3,266,000	3,262,000	3,052,300	2,972,900	2,988,500
Fixed asset turnover		—	—	—	—	—	5.58	7.27	7.61	7.96	8.40	8.12	7.94	7.77	7.71	6.10	7.59	6.83	6.68	6.57	6.49

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $23,875,000K ÷ $—K
= —

Danaher Corporation's fixed asset turnover ratio has shown a generally increasing trend from March 31, 2020, to the latest available data as of March 31, 2023. The ratio increased from 6.49 in March 2020 to a peak of 8.40 in September 30, 2022, indicating that the company is generating more revenue relative to its investment in fixed assets.

However, there was a slight decline in the fixed asset turnover ratio in the latter part of 2022 and early 2023, with the ratio dropping to 7.27 in June 30, 2023. This could suggest a potential slowdown in revenue generation from fixed assets.

Overall, the increasing trend in the fixed asset turnover ratio over the analyzed period signifies improvement in Danaher Corporation's efficiency in utilizing its fixed assets to generate sales. It is essential for the company to closely monitor this ratio in the upcoming periods to ensure efficient asset utilization continues.