Fortive Corp (FTV)

Total asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 6,256,100 5,923,600 5,709,200 5,059,600 4,504,200
Total assets US$ in thousands 17,016,100 16,911,800 15,890,600 16,465,500 16,051,500
Total asset turnover 0.37 0.35 0.36 0.31 0.28

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $6,256,100K ÷ $17,016,100K
= 0.37

Fortive Corp's total asset turnover has shown a positive trend over the past five years. Starting at 0.28 in 2020, it increased steadily to 0.31 in 2021, further rising to 0.36 in 2022, before slightly dropping to 0.35 in 2023. The most recent data point of 0.37 in 2024 indicates an improvement in the company's ability to generate sales from its total assets. This suggests that Fortive is becoming more efficient in utilizing its assets to generate revenue, which is a positive sign for the company's operational performance and potential profitability.