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Fortive's average Accounts Payable for the three months ended in Sep. 2024 was $630 Mil. Fortive's Cost of Goods Sold for the three months ended in Sep. 2024 was $613 Mil. Hence, Fortive's Days Payable for the three months ended in Sep. 2024 was 93.73.
The historical rank and industry rank for Fortive's Days Payable or its related term are showing as below:
During the past 12 years, Fortive's highest Days Payable was 150.99. The lowest was 68.84. And the median was 85.94.
Fortive's Days Payable increased from Sep. 2023 (88.02) to Sep. 2024 (93.73). It may suggest that Fortive delayed paying its suppliers.
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.
Fortive Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Payable | Get a 7-Day Free Trial | 101.35 | 83.76 | 84.34 | 87.53 | 90.95 |
Fortive Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Days Payable | Get a 7-Day Free Trial | 88.02 | 84.87 | 93.84 | 95.28 | 93.73 |
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.
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.
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 Sep. 2024 is calculated as:
Days Payable (Q: Sep. 2024 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (Q: Jun. 2024 ) | + | Accounts Payable (Q: Sep. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | ( (636.1 | + | 623.8) | / | 2 ) | / | 613.3 | * | 365 / 4 |
= | 629.95 | / | 613.3 | * | 365 / 4 | ||||
= | 93.73 |
* 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 Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter C Underwood | officer: SVP-General Counsel/Secretary | 200 STATE STREET, BELOIT WI 53511 |
Stacey A. Walker | officer: SVP - Human Resources | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
Charles E Mclaughlin | officer: SVP - Chief Financial Officer | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
Jonathan L Schwarz | officer: VP-Corporate Development | C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203 |
Tamara S. Newcombe | officer: President & CEO of PT | 6920 SEAWAY BLVD., EVERETT WA 98203 |
Christopher M. Mulhall | officer: VP - Chief Accounting Officer | C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203 |
James A Lico | officer: President, CEO and Secretary | |
Patrick K Murphy | officer: Senior Vice President | 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 |
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 |
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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