Fortive Corp (FTV)

Total asset turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 5,923,600 5,709,200 5,059,600 4,504,200 7,208,600
Total assets US$ in thousands 16,911,800 15,890,600 16,465,500 16,051,500 17,439,000
Total asset turnover 0.35 0.36 0.31 0.28 0.41

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $5,923,600K ÷ $16,911,800K
= 0.35

The total asset turnover ratio for Fortive Corp has fluctuated over the past five years. It decreased from 0.42 in 2019 to 0.29 in 2020, indicating a decline in the efficiency of generating sales from its total assets. However, there was an improvement in 2021 as the ratio increased to 0.32, although it was still below the 2019 level. In 2022 and 2023, the ratio stabilized around 0.37 and 0.36, respectively.

Overall, the trend suggests that Fortive Corp has been moderately successful in utilizing its total assets to generate revenue during the period under review, with some fluctuations noted in recent years. The company may need to further evaluate and improve its asset utilization strategies to enhance its operational efficiency and financial performance.


Peer comparison

Dec 31, 2023