Fortive Corp (FTV)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		9.17	8.86	8.72	8.55	8.95	8.39	8.42	8.16	8.63	5.69	6.87	7.73	9.03	9.34	9.33	9.87	14.92	6.44	5.62	5.63
DOH	days	39.82	41.18	41.86	42.70	40.80	43.51	43.36	44.71	42.27	64.16	53.12	47.23	40.44	39.08	39.13	36.96	24.47	56.71	64.99	64.85

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.17
= 39.82

Fortive Corp's Days of Inventory on Hand (DOH) have shown a fluctuating trend over the past eight quarters. The DOH ranged from 79.30 days to 88.39 days during this period. The trend indicates that the company has been able to effectively manage its inventory levels, with lower DOH figures suggesting efficient inventory management.

In the most recent quarter, Q4 2023, the DOH decreased to 79.30 days compared to the prior quarter, Q3 2023, where it was 81.57 days. This decrease suggests that Fortive Corp has been efficient in managing its inventory during that quarter. However, it is worth noting that the DOH figures have been relatively stable over the past year, indicating consistency in inventory management practices.

Overall, the fluctuation in DOH figures may indicate seasonal variations or changes in demand patterns for Fortive Corp's products. The company should continue to monitor and optimize its inventory levels to ensure operational efficiency and cost-effectiveness in the long term.