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Fortive's change in receivables for the quarter that ended in Mar. 2024 was $9 Mil. It means Fortive's Accounts Receivable declined by $9 Mil from Dec. 2023 to Mar. 2024 .
Fortive's change in receivables for the fiscal year that ended in Dec. 2023 was $10 Mil. It means Fortive's Accounts Receivable declined by $10 Mil from Dec. 2022 to Dec. 2023 .
Fortive's Accounts Receivable for the quarter that ended in Mar. 2024 was $963 Mil.
Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Fortive's Days Sales Outstanding for the three months ended in Mar. 2024 was 57.62.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fortive's liquidation value for the three months ended in Mar. 2024 was $-5,320 Mil.
The historical data trend for Fortive's Change In Receivables can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortive Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Receivables | Get a 7-Day Free Trial | -204.90 | 82.40 | -84.10 | -52.10 | 9.80 |
Fortive Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Change In Receivables | Get a 7-Day Free Trial | 21.50 | 4.50 | -1.00 | -15.20 | 8.80 |
Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.
Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortive (NYSE:FTV) Change In Receivables Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
Fortive's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 962.6 | / | 1524.5 | * | 91 |
= | 57.62 |
2. In Ben Graham's calculation of liquidation value, Fortive's accounts receivable are only considered to be worth 75% of book value:
Fortive's liquidation value for the quarter that ended in Mar. 2024 is calculated as:
Liquidation Value | |||||||
= | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
= | 704.6 | - | 7037 | + | 0.75 * 962.6 | + | 0.5 * 580.8 |
= | -5,320 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Fortive's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.
Charles E Mclaughlin | officer: SVP - Chief Financial Officer | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
Patrick K Murphy | officer: Senior Vice President | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
Christopher M. Mulhall | officer: VP - Chief Accounting Officer | C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203 |
Stacey A. Walker | officer: SVP - Human Resources | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
Eric Branderiz | director | 915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453 |
Alan G Spoon | director, other: Chairman | 1150 15TH ST NW, WASHINGTON DC 20071 |
Tamara S. Newcombe | officer: President & CEO of PT | 6920 SEAWAY BLVD., EVERETT WA 98203 |
Wright Iii Lassiter | director | 500 PLAZA DRIVE, C/O QUEST DIAGNOSTICS, SECAUCUS NJ 07094 |
Barbara B. Hulit | officer: Senior Vice President | C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203 |
Jonathan L Schwarz | officer: VP-Corporate Development | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
James A Lico | officer: President, CEO and Secretary | |
Peter C Underwood | officer: SVP-General Counsel/Secretary | 200 STATE STREET, BELOIT WI 53511 |
Olumide Soroye | officer: President & CEO of IOS | 6920 SEAWAY BLVD., EVERETT WA 98203 |
Steven M Rales | director | 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037 |
William W Pringle | officer: Senior Vice President | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
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