Fortive (Fortive) Days Payable : 84.87 (As of Dec. 2023)

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What is Fortive Days Payable?

Fortive's average Accounts Payable for the three months ended in Dec. 2023 was $591.70 Mil. Fortive's Cost of Goods Sold for the three months ended in Dec. 2023 was $636.20 Mil. Hence, Fortive's Days Payable for the three months ended in Dec. 2023 was 84.87.

The historical rank and industry rank for Fortive's Days Payable or its related term are showing as below:

FTVpA.PFD' s Days Payable Range Over the Past 10 Years
Min: 68.84 Med: 85.94 Max: 150.99
Current: 88.18

During the past 12 years, Fortive's highest Days Payable was 150.99. The lowest was 68.84. And the median was 85.94.

FTVpA.PFD's Days Payable is ranked better than
63.97% of 2420 companies
in the Hardware industry
Industry Median: 67.965 vs FTVpA.PFD: 88.18

Fortive's Days Payable declined from Dec. 2022 (85.58) to Dec. 2023 (84.87). It may suggest that Fortive accelerated 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.

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Fortive Days Payable Chart

Fortive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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101.35

83.76

84.34

87.53

90.95

Fortive Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															85.58	90.58	86.59	88.02	84.87

Competitive Comparison of Fortive's Days Payable

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's Days Payable Distribution in the Hardware Industry

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. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (623	+	608.6)	/	2 )	/	2471.2	*	365
=	615.8					/	2471.2	*	365
=	90.95

Fortive's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (574.8	+	608.6)	/	2 )	/	636.2	*	365 / 4
=	591.7					/	636.2	*	365 / 4
=	84.87

Fortive Days Payable Related Terms

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Fortive (Fortive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fortive Corp (NYSE:FTVpA.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FTV:USA FTV:Mexico F03:Germany F03:Germany F1TV34:Brazil

Address

6920 Seaway Boulevard, Everett, WA, USA, 98203

Website

https://www.fortive.com

Fortive 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 $5.8 billion in revenue and $1.4 billion in adjusted operating income in 2022.