Fortive (Fortive) Days Sales Outstanding : 57.56 (As of Mar. 2024)

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What is Fortive Days Sales Outstanding?

Fortive's average Accounts Receivable for the three months ended in Mar. 2024 was $961.70 Mil. Fortive's Revenue for the three months ended in Mar. 2024 was $1,524.50 Mil. Hence, Fortive's Days Sales Outstanding for the three months ended in Mar. 2024 was 57.56.

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

FTVpA.PFD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.79 Med: 61.39 Max: 106.4
Current: 56.82

During the past 12 years, Fortive's highest Days Sales Outstanding was 106.40. The lowest was 53.79. And the median was 61.39.

FTVpA.PFD's Days Sales Outstanding is ranked better than
70.72% of 2456 companies
in the Hardware industry
Industry Median: 75.07 vs FTVpA.PFD: 56.82

Fortive's Days Sales Outstanding declined from Mar. 2023 (59.32) to Mar. 2024 (57.56).

Fortive Days Sales Outstanding Historical Data

The historical data trend for Fortive's Days Sales Outstanding 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 Sales Outstanding Chart

Fortive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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83.41

66.98

60.45

59.17

57.75

Fortive Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															59.32	56.07	56.80	54.34	57.56

Competitive Comparison of Fortive's Days Sales Outstanding

For the Scientific & Technical Instruments subindustry, Fortive's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fortive's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Fortive's Days Sales Outstanding falls into.

Fortive Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Fortive's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (958.5	+	960.8)	/	2 )	/	6065.3	*	365
=	959.65					/	6065.3	*	365
=	57.75

Fortive's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (960.8	+	962.6)	/	2 )	/	1524.5	*	365 / 4
=	961.7					/	1524.5	*	365 / 4
=	57.56

Fortive (NYSE:FTVpA.PFD) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Fortive Days Sales Outstanding Related Terms

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Fortive (Fortive) Business Description

Industry

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

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.