Fortive Corp (FTV)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.09 | 8.52 | 8.36 | 8.22 | 7.71 | 8.21 | — | — | 7.93 | — | — | — | 8.55 | 7.95 | 8.46 | 8.62 | 8.11 | 6.31 | 5.58 | 5.13 | |
| Number of days of payables | days | 45.14 | 42.84 | 43.68 | 44.41 | 47.37 | 44.45 | — | — | 46.00 | — | — | — | 42.69 | 45.89 | 43.17 | 42.36 | 45.00 | 57.81 | 65.38 | 71.20 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.09
= 45.14
The number of days of payables for Fortive Corp has shown some variability over the past eight quarters. In Q4 2023, the company's payables were being settled in approximately 89.89 days, which was higher compared to the previous quarter at 84.86 days. This indicates that Fortive took longer to pay off its trade payables in Q4 2023.
Looking back further, in Q4 2022, the number of days of payables was even higher at 92.35 days, suggesting a longer payment period compared to the most recent quarter. Overall, the trend in the number of days of payables for Fortive Corp fluctuated within the range of 84.86 to 92.35 days over the past eight quarters.
A higher number of days of payables can imply that the company is taking more time to pay off its suppliers and creditors, which could potentially indicate liquidity concerns or strained relationships with vendors. However, it could also be a deliberate strategy to manage cash flow effectively. Further analysis and comparison with industry peers would provide a clearer understanding of Fortive Corp's payables management performance.
Peer comparison
Dec 31, 2023