Danaher Corporation (DHR)
Total 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 |
| Total assets | US$ in thousands | 77,542,000 | 80,615,000 | 78,555,000 | 83,402,000 | 84,488,000 | 87,734,000 | 84,902,000 | 85,040,000 | 84,350,000 | 81,030,000 | 81,806,000 | 83,392,000 | 83,184,000 | 82,498,000 | 78,027,000 | 75,426,000 | 76,161,000 | 72,890,700 | 71,268,400 | 68,930,300 |
| Total asset turnover | 0.31 | 0.25 | 0.27 | 0.27 | 0.28 | 0.34 | 0.36 | 0.36 | 0.37 | 0.39 | 0.38 | 0.36 | 0.35 | 0.34 | 0.34 | 0.33 | 0.29 | 0.28 | 0.27 | 0.28 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $23,875,000K ÷ $77,542,000K
= 0.31
Danaher Corporation's total asset turnover has fluctuated over the years, ranging from 0.25 to 0.39. The total asset turnover ratio indicates how efficiently the company is using its assets to generate revenue. A higher ratio is favorable as it implies that the company is generating more sales for each dollar of assets it owns.
From March 31, 2020, to September 30, 2022, the total asset turnover ratio steadily increased from 0.28 to 0.39, which could suggest an improvement in the company's asset utilization efficiency during this period. However, from December 31, 2022, to December 31, 2024, the ratio decreased, indicating a potential decline in asset efficiency.
Overall, the fluctuations in Danaher Corporation's total asset turnover ratio suggest varying levels of efficiency in utilizing its assets to generate sales over the analyzed period. Further analysis of the company's financial performance and operational activities would be needed to fully interpret these fluctuations and their underlying causes.
Peer comparison
Dec 31, 2024