Danaher Corporation (DHR)
Cash conversion cycle
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 94.65 | 104.12 | 106.21 | 96.52 | 87.96 | 101.32 | 101.56 | 92.83 | 91.23 | 103.54 | 102.00 | 109.24 | 84.10 | 96.05 | 98.35 | 94.39 | 87.81 | 89.98 | 85.37 | 84.15 |
| Days of sales outstanding (DSO) | days | 58.13 | 56.48 | 68.64 | 66.10 | 67.11 | 53.92 | 51.08 | 49.37 | 67.34 | 59.29 | 54.93 | 55.24 | 61.13 | 51.50 | 53.62 | 53.12 | 67.45 | 55.69 | 57.33 | 59.26 |
| Number of days of payables | days | 70.13 | 66.12 | 68.13 | 65.64 | 66.17 | 60.39 | 62.55 | 58.93 | 62.11 | 64.85 | 62.68 | 67.19 | 56.45 | 65.03 | 73.04 | 72.42 | 81.53 | 70.13 | 65.93 | 69.05 |
| Cash conversion cycle | days | 82.66 | 94.48 | 106.72 | 96.98 | 88.90 | 94.85 | 90.09 | 83.27 | 96.46 | 97.98 | 94.25 | 97.28 | 88.78 | 82.51 | 78.92 | 75.09 | 73.74 | 75.55 | 76.77 | 74.36 |
December 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 94.65 + 58.13 – 70.13
= 82.66
Peer comparison
Dec 31, 2025
Company name
Symbol
Cash conversion cycle
Danaher Corporation
DHR
82.66
Agilent Technologies Inc
A
128.37
Thermo Fisher Scientific Inc
TMO
146.31