Fortive Corp (FTV)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.13 | 8.95 | 8.63 | 9.03 | 14.92 | |
| DOH | days | 39.96 | 40.80 | 42.27 | 40.44 | 24.47 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.13
= 39.96
To analyze Fortive Corp's days of inventory on hand (DOH) over the past five years, we can observe a consistent trend.
The DOH has been relatively stable in the range of high 70s to low 80s days, indicating that the company has been able to manage its inventory effectively over this period. However, there was a noticeable increase in DOH in 2021 compared to the previous years, which suggests a potential inefficiency in managing inventory levels that year.
The significant decrease in DOH in 2019 compared to 2020 and 2021 indicates that Fortive Corp improved its inventory management practices and became more efficient in controlling its inventory levels during that period.
Overall, Fortive Corp's DOH has shown stability with some fluctuations over the years, and the company's ability to effectively manage its inventory levels is evident. Further analysis of the company's operational efficiency and inventory turnover ratios could provide additional insights into its inventory management performance.
Peer comparison
Dec 31, 2023