Analysis of Geographic Areas
Danaher Corp. operates in 2 regions: United States and All other.
Area Asset Turnover
Danaher Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 4.16 | 6.66 | 6.27 | 6.54 | 6.18 |
| All other | 6.36 | 9.29 | 9.13 | 7.03 | 9.18 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| All other | All other area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: United States
Danaher Corp.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 9,579) | 13,365) | 11,283) | 8,616) | 6,660) |
| Property, plant and equipment, net | 2,304) | 2,007) | 1,799) | 1,317) | 1,077) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.16 | 6.66 | 6.27 | 6.54 | 6.18 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Sales ÷ Property, plant and equipment, net
= 9,579 ÷ 2,304 = 4.16
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: All other
Danaher Corp.; All other; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales | 14,311) | 18,106) | 18,170) | 13,668) | 11,251) |
| Property, plant and equipment, net | 2,249) | 1,949) | 1,991) | 1,945) | 1,225) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.36 | 9.29 | 9.13 | 7.03 | 9.18 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Sales ÷ Property, plant and equipment, net
= 14,311 ÷ 2,249 = 6.36
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | All other | All other area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Sales
Danaher Corp., sales by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 9,579) | 13,365) | 11,283) | 8,616) | 6,660) |
| All other | 14,311) | 18,106) | 18,170) | 13,668) | 11,251) |
| Total | 23,890) | 31,471) | 29,453) | 22,284) | 17,911) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Property, plant and equipment, net
Danaher Corp., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 2,304) | 2,007) | 1,799) | 1,317) | 1,077) |
| All other | 2,249) | 1,949) | 1,991) | 1,945) | 1,225) |
| Total | 4,553) | 3,956) | 3,790) | 3,262) | 2,302) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).