Fortive (Fortive) Gross-Profit-to-Asset %

: 23.27% (As of Dec. 2023)

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Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Fortive's annualized Gross Profit for the quarter that ended in Dec. 2023 was $3,790.00 Mil. Fortive's average Total Assets over the quarter that ended in Dec. 2023 was $16,288.10 Mil. Therefore, Fortive's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 23.27%.

Fortive Gross-Profit-to-Asset % Historical Data

The historical data trend for Fortive's Gross-Profit-to-Asset % 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

16.37

15.58

18.50

20.79

21.91

Fortive Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %																22.46	21.41	22.97	22.76	23.27

Competitive Comparison

For the Scientific & Technical Instruments subindustry, Fortive's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution

For the Hardware industry and Technology sector, Fortive's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Fortive's Gross-Profit-to-Asset % falls into.

Fortive Gross-Profit-to-Asset % Calculation

Fortive's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	3594.1	/	( (15890.6	+	16911.8)	/ 2 )
	=	3594.1	/	16401.2
	=	21.91 %

Fortive's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	3790	/	( (15664.4	+	16911.8)	/ 2 )
	=	3790	/	16288.1
	=	23.27 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Fortive Gross-Profit-to-Asset % Related Terms

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Fortive (Fortive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fortive Corp (NYSE:FTVpA.PFD) » Definitions » Gross-Profit-to-Asset %

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.