Danaher Corporation (DHR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,764,000 | 7,209,000 | 6,433,000 | 3,646,000 | 3,008,000 |
| Total assets | US$ in thousands | 84,488,000 | 84,350,000 | 83,184,000 | 76,161,000 | 62,082,000 |
| ROA | 5.64% | 8.55% | 7.73% | 4.79% | 4.85% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $4,764,000K ÷ $84,488,000K
= 5.64%
Danaher Corp.'s return on assets (ROA) over the past five years has shown variability. The ROA decreased from 4.74% in 2019 to 4.61% in 2020. However, it then increased to 7.54% in 2021 and further to 8.42% in 2022, indicating improving efficiency in generating profits from its assets. In 2023, there was a slight decrease in ROA to 5.61%. Overall, Danaher Corp. has demonstrated a relatively solid performance in utilizing its assets to generate profits, with some fluctuations in recent years. Further analysis of the company's financial statements and business operations will provide more insights into the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023