Fortive Corp (FTV)

Number of days of payables

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Payables turnover		7.57	8.03	7.83	7.44	8.09	8.52	8.36	8.22	7.71	8.21	—	—	7.93	—	—	—	8.55	7.95	8.46	8.62
Number of days of payables	days	48.22	45.43	46.63	49.05	45.14	42.84	43.68	44.41	47.37	44.45	—	—	46.00	—	—	—	42.69	45.89	43.17	42.36

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 some fluctuations over the past few years. As of December 31, 2024, the company's number of days of payables is 48.22 days, indicating that, on average, it takes approximately 48 days for Fortive Corp to pay off its accounts payable.

Looking at the trend, we observe that there was a gradual increase from December 31, 2020, to December 31, 2024, with some oscillations in between. The highest number of days of payables was recorded on March 31, 2024, with 49.05 days. On the other hand, the lowest number of days of payables during this period was on September 30, 2023, with 42.84 days.

Overall, the trend in Fortive Corp's number of days of payables suggests that the company has been taking slightly longer to pay off its accounts payable in recent years, which may indicate changes in its payment policies or supplier relationships. An increase in the number of days of payables could potentially signal improved cash flow management or a deliberate strategy to optimize working capital. However, it is essential to consider additional financial metrics and qualitative factors to gain a comprehensive understanding of the company's financial performance and liquidity position.