Fortive Corp (FTV)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.57 | 8.06 | 7.71 | 7.93 | 8.55 | |
| Number of days of payables | days | 48.22 | 45.30 | 47.37 | 46.00 | 42.69 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.57
= 48.22
The number of days of payables for Fortive Corp has shown a gradual increase over the past five years.
As of December 31, 2020, the company took approximately 42.69 days to pay its suppliers. This figure increased to 46.00 days by the end of 2021 and continued to rise to 47.37 days by December 31, 2022.
However, there was a slight decrease in the number of days of payables to 45.30 days as of December 31, 2023. The trend reversed again in the most recent year, with the number of days of payables climbing to 48.22 days by the end of 2024.
Overall, the increasing trend in the number of days of payables may suggest that Fortive Corp is taking longer to settle its outstanding payables, potentially indicating changes in the company's payment policies or relationships with suppliers.
Peer comparison
Dec 31, 2024