Fortive Corp (FTV)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	6,212,100	6,142,000	6,072,100	6,038,600	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
Receivables	US$ in thousands	945,400	912,200	934,500	962,600	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
Receivables turnover		6.57	6.73	6.50	6.27	6.17	6.34	6.24	6.14	5.96	6.22	—	—	5.65	—	—	—	7.88	5.85	6.25	5.58

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,212,100K ÷ $945,400K
= 6.57

The receivables turnover ratio of Fortive Corp has shown fluctuations over the periods provided in the data. The ratio indicates how efficiently the company is collecting its accounts receivables.

From the data, we observe the following trend:
- The ratio improved from 5.58 in March 2020 to 7.88 in December 2020, indicating a more efficient collection of receivables during that period.
- However, there was a decline in receivables turnover to 5.65 in December 2021, which suggests a slower collection of receivables compared to the previous year.
- The ratio fluctuated around the range of 6.0 to 6.5 in the subsequent periods, indicating a relatively stable performance in terms of receivables turnover.

Overall, while there have been fluctuations, the company has maintained a reasonably consistent level of receivables turnover ratio in recent periods, which suggests that it is managing its accounts receivables effectively.