Fortive Corp (FTV)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	5,923,600	5,866,200	5,831,100	5,780,100	5,709,200	5,604,400	5,475,800	5,353,200	5,254,700	5,204,800	5,762,200	5,970,500	6,381,200	7,058,700	7,054,500	7,346,800	7,244,500	6,258,000	6,243,900	6,279,600
Receivables	US$ in thousands	960,800	925,400	935,200	940,700	958,500	901,000	—	—	930,200	—	—	—	810,300	1,207,600	1,129,200	1,317,600	1,384,500	1,332,000	1,315,200	1,146,600
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,923,600K ÷ $960,800K
= 6.17

The analysis of Fortive Corp's receivables turnover reveals a consistent and stable performance over the past eight quarters. The company's receivables turnover ratio has remained within a narrow range, fluctuating between 5.78 and 6.50.

On average, Fortive Corp turns over its accounts receivable approximately every 5.5 to 6.5 times per year, indicating a healthy efficiency in collecting receivables from customers. This consistency suggests that the company has effective credit and collection policies in place to manage its accounts receivable efficiently.

The slight fluctuations in the receivables turnover ratio over the quarters may be attributed to changes in sales volume or seasonal variations in business activity. However, overall, the trend reflects a stable and effective management of the company's accounts receivable, contributing to its overall financial health and liquidity position.