Danaher Corporation (DHR)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 27,514,000 | 29,446,000 | 30,174,000 | 30,811,000 | 31,383,000 | 31,114,000 | 30,643,000 | 30,083,000 | 29,239,000 | 27,833,000 | 26,462,000 | 24,514,000 | 21,983,000 | 20,189,400 | 19,394,400 | 19,311,400 | 19,872,000 | 20,367,100 | 20,209,200 | 20,054,200 |
| Receivables | US$ in thousands | 3,922,000 | 4,201,000 | 4,199,000 | 4,313,000 | 4,918,000 | 4,409,000 | — | — | 4,631,000 | — | — | — | 4,045,000 | — | — | — | — | — | — | — |
| Receivables turnover | 7.02 | 7.01 | 7.19 | 7.14 | 6.38 | 7.06 | — | — | 6.31 | — | — | — | 5.43 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $27,514,000K ÷ $3,922,000K
= 7.02
Danaher Corp.'s receivables turnover has shown a fluctuating trend over the past eight quarters. The receivables turnover ratio measures how efficiently a company is able to collect cash from its credit sales within a certain period. A higher turnover ratio indicates that the company is efficient in collecting payments from customers.
In Q2 2023, the receivables turnover ratio was at its highest point of 7.23, reflecting a strong ability to convert receivables into cash quickly. This was slightly higher than the turnover ratios in the previous quarters, indicating an improvement in the efficiency of Danaher Corp.'s accounts receivable management.
However, in the following quarters, the turnover ratio decreased slightly but remained relatively stable, ranging between 6.87 and 7.04. The ratios suggest that Danaher Corp. has been able to maintain a consistent level of efficiency in collecting payments from customers during these periods.
Overall, the trend in Danaher Corp.'s receivables turnover indicates that the company has been effectively managing its accounts receivable and converting them into cash, with slight fluctuations in efficiency but generally maintaining a healthy level of turnover.
Peer comparison
Dec 31, 2023