Fortive Corp (FTV)

Days of sales outstanding (DSO)

		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
Receivables turnover		6.17	6.34	6.24	6.14	5.96	6.22	—	—	5.65	—	—	—	7.88	5.85	6.25	5.58	5.23	4.70	4.75	5.48
DSO	days	59.20	57.58	58.54	59.40	61.28	58.68	—	—	64.61	—	—	—	46.35	62.44	58.42	65.46	69.76	77.69	76.88	66.65

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.17
= 59.20

To analyze Fortive Corp's Days of Sales Outstanding (DSO) over the past eight quarters, we calculate the average DSO for each quarter.

The average DSO for Q4 2023 is 57.82 days, for Q3 2023 it is 56.19 days, for Q2 2023 it is 57.15 days, and for Q1 2023 it is 58.10 days. This shows a relatively consistent performance in managing accounts receivable turnover during the year.

Comparing these figures to the previous year, Q4 2022 had an average DSO of 60.05 days, Q3 2022 had 57.98 days, Q2 2022 had 62.26 days, and Q1 2022 had 63.12 days. The decreasing trend in DSO throughout 2023 compared to the prior year indicates a potential improvement in the company's ability to collect outstanding receivables more efficiently.

Overall, Fortive Corp has shown a favorable pattern in managing its DSO metric, with a decreasing trend indicating a potentially more effective accounts receivable management strategy in place. It reflects positively on the company's cash flow and liquidity position.