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Danaher Corp. (DHR) | Long-term (Investment) Activity Analysis

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.


Ratios (Summary)

Danaher Corp., long-term (investment) activity ratios

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
Net fixed asset turnover 8.53 7.66 11.07 9.78 11.45
Total asset turnover 0.55 0.54 0.59 0.57 0.73
Equity turnover 0.96 0.95 0.96 0.96 1.29

Source: Based on data from Danaher Corp. Annual Reports

Ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Danaher Corp.'s net fixed asset turnover deteriorated from 2010 to 2011 but then slightly improved from 2011 to 2012.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Danaher Corp.'s total asset turnover deteriorated from 2010 to 2011 but then slightly improved from 2011 to 2012.
Equity turnover An activity ratio calculated as total revenue divided by shareholders' equity. Danaher Corp.'s equity turnover deteriorated from 2010 to 2011 but then improved from 2011 to 2012 not reaching 2010 level.

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Net Fixed Asset Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in thousands)
Sales 18,260,400  16,090,540  13,202,602  11,184,938  12,697,456 
Property, plant and equipment, net 2,140,900  2,100,990  1,192,303  1,143,331  1,108,653 
  Net Fixed Asset Turnover, Comparison to Industry
Danaher Corp.1 8.53 7.66 11.07 9.78 11.45
  Industry, Industrials 3.84 3.87 3.75 3.70 4.12

Source: Based on data from Danaher Corp. Annual Reports

2012 Calculations

1 Net fixed asset turnover = Sales ÷ Property, plant and equipment, net
= 18,260,400 ÷ 2,140,900 = 8.53

Ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Danaher Corp.'s net fixed asset turnover deteriorated from 2010 to 2011 but then slightly improved from 2011 to 2012.

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Total Asset Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in thousands)
Sales 18,260,400  16,090,540  13,202,602  11,184,938  12,697,456 
Total assets 32,941,000  29,949,447  22,217,130  19,595,420  17,490,128 
  Total Asset Turnover, Comparison to Industry
Danaher Corp.1 0.55 0.54 0.59 0.57 0.73
  Industry, Industrials 0.71 0.73 0.72 0.74 0.84

Source: Based on data from Danaher Corp. Annual Reports

2012 Calculations

1 Total asset turnover = Sales ÷ Total assets
= 18,260,400 ÷ 32,941,000 = 0.55

Ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Danaher Corp.'s total asset turnover deteriorated from 2010 to 2011 but then slightly improved from 2011 to 2012.

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Equity Turnover

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    Dec 31, 2012 Dec 31, 2011 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
  Selected Financial Data (USD $ in thousands)
Sales 18,260,400  16,090,540  13,202,602  11,184,938  12,697,456 
Total Danaher stockholders' equity 19,016,500  16,904,783  13,711,010  11,630,176  9,808,562 
  Equity Turnover, Comparison to Industry
Danaher Corp.1 0.96 0.95 0.96 0.96 1.29
  Industry, Industrials 2.04 2.06 1.97 2.04 2.57

Source: Based on data from Danaher Corp. Annual Reports

2012 Calculations

1 Equity turnover = Sales ÷ Total Danaher stockholders' equity
= 18,260,400 ÷ 19,016,500 = 0.96

Ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders' equity. Danaher Corp.'s equity turnover deteriorated from 2010 to 2011 but then improved from 2011 to 2012 not reaching 2010 level.

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