Danaher Corporation (DHR)

Working capital turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 23,693,000 31,383,000 29,239,000 21,983,000 17,796,000
Total current assets US$ in thousands 13,937,000 15,883,000 11,648,000 13,802,000 25,596,000
Total current liabilities US$ in thousands 8,274,000 8,389,000 8,140,000 7,402,000 4,932,000
Working capital turnover 4.18 4.19 8.33 3.43 0.86

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $23,693,000K ÷ ($13,937,000K – $8,274,000K)
= 4.18

Danaher Corp.'s working capital turnover has fluctuated over the past five years. In 2023, the working capital turnover was 4.22, showing a slight increase from the previous year. This indicates that the company generated $4.22 in revenue for every dollar of working capital invested. In 2021, the working capital turnover was notably higher at 8.40, suggesting more efficient utilization of working capital to generate revenue. However, in 2020 and 2019, the working capital turnover was lower at 3.48 and 0.87 respectively, indicating a less effective utilization of working capital during those years. Overall, the trend in working capital turnover suggests that Danaher Corp. has been able to generate sales efficiently in recent years, with some fluctuations in performance.


Peer comparison

Dec 31, 2023


See also:

Danaher Corporation Working Capital Turnover