Fortive's average Accounts Payable for the
three
months ended in Jun. 2022 was $579 Mil. Fortive's Cost of Goods Sold for the
three
months ended in Jun. 2022 was $630 Mil.
Hence, Fortive's Days Payable for the
three
months ended in Jun. 2022 was 83.88.
The historical rank and industry rank for Fortive's Days Payable or its related term are showing as below:
FTV'
s Days Payable Range Over the Past 10 Years
Min: 68.84 Med: 83.76 Max: 150.99
Current: 83.86
During the past 10 years, Fortive's highest Days Payable was 150.99. The lowest was 68.84. And the median was 83.76.
FTV's Days Payable is ranked better than 61.23% of 2332
companies
in the Hardware industry
Industry Median: 69.50
vs FTV: 83.86
Fortive's Days Payable
increased
from Jun. 2021 (77.14) to Jun. 2022 (83.88).
It may suggest that Fortive delayed paying its suppliers.
Fortive Days Payable Historical Data
The historical data trend for Fortive's Days Payable 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.
* Premium members only.
Fortive Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Days Payable
83.39
150.99
101.35
83.76
84.34
Fortive Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Days Payable
77.14
80.87
82.70
88.52
83.88
Competitive Comparison
For the Scientific & Technical Instruments subindustry, Fortive's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortive Days Payable Distribution
For the Hardware industry and Technology sector, Fortive's Days Payable distribution charts can be found below:
* The bar in red indicates where Fortive's Days Payable falls into.
Fortive Days Payable Calculation
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Fortive's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as
* 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 Days Payable Related Terms
Thank you for viewing the detailed overview of Fortive's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortive Corp is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.3 billion in revenue and $1.2 billion in adjusted operating income in 2021.
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