Fortive Net Working Capital vs Total Assets Analysis

FTV Stock

USD 78.42 1.47 1.91%

Fortive Corp financial indicator trend analysis is much more than just examining Fortive Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fortive Corp is a good investment. Please check the relationship between Fortive Corp Net Working Capital and its Total Assets accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Fortive Stock please use our How to Invest in Fortive Corp guide.

Net Working Capital vs Total Assets

Net Working Capital vs Total Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fortive Corp Net Working Capital account and Total Assets. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Fortive Corp's Net Working Capital and Total Assets is -0.43. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Total Assets in the same time period over historical financial statements of Fortive Corp, assuming nothing else is changed. The correlation between historical values of Fortive Corp's Net Working Capital and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Fortive Corp are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Net Working Capital i.e., Fortive Corp's Net Working Capital and Total Assets go up and down completely randomly.

Correlation Coefficient

-0.43

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Working Capital

Total Assets

Total assets refers to the total amount of Fortive Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Fortive Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Most indicators from Fortive Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fortive Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortive Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Fortive Stock please use our How to Invest in Fortive Corp guide.Tax Provision is likely to climb to about 145.5 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.9 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	3.0B	3.4B	3.6B	3.4B
Total Revenue	5.3B	5.8B	6.1B	4.8B

Gross Profit Total Revenue

Fortive Corp fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets
Common Stock Shares Outstanding		0.42	0.25	0.29	0.43	0.25	0.21	0.45	-0.59	0.41	0.03	-0.33	0.05	0.43	0.29	0.18	-0.32	-0.47	0.31	0.45	0.39	-0.14	0.37	-0.5	-0.41	-0.45
Total Assets	0.42		0.86	0.88	0.86	0.91	0.56	0.95	-0.14	0.99	0.48	0.35	0.41	0.98	0.79	0.39	0.38	-0.61	0.89	0.7	0.83	0.56	0.98	-0.83	-0.01	-0.88
Other Current Liab	0.25	0.86		0.77	0.63	0.85	0.58	0.74	0.16	0.83	0.48	0.49	0.64	0.78	0.8	0.57	0.3	-0.6	0.85	0.49	0.79	0.41	0.85	-0.77	0.21	-0.79
Total Current Liabilities	0.29	0.88	0.77		0.71	0.85	0.49	0.77	-0.13	0.89	0.51	0.46	0.34	0.85	0.65	0.35	0.66	-0.46	0.82	0.35	0.64	0.83	0.93	-0.7	0.23	-0.82
Total Stockholder Equity	0.43	0.86	0.63	0.71		0.72	0.14	0.9	-0.43	0.88	0.11	-0.05	0.07	0.91	0.38	0.01	0.24	-0.22	0.52	0.68	0.56	0.46	0.88	-0.49	-0.39	-0.58
Other Liab	0.25	0.91	0.85	0.85	0.72		0.67	0.78	0.03	0.9	0.59	0.56	0.59	0.86	0.77	0.5	0.53	-0.48	0.86	0.5	0.78	0.57	0.91	-0.68	0.13	-0.78
Property Plant And Equipment Net	0.21	0.56	0.58	0.49	0.14	0.67		0.36	0.27	0.48	0.66	0.65	0.7	0.42	0.84	0.67	0.2	-0.67	0.8	0.23	0.75	0.24	0.46	-0.68	0.49	-0.64
Current Deferred Revenue	0.45	0.95	0.74	0.77	0.9	0.78	0.36		-0.19	0.97	0.38	0.17	0.28	0.98	0.68	0.3	0.27	-0.56	0.76	0.83	0.7	0.45	0.93	-0.76	-0.18	-0.84
Accounts Payable	-0.59	-0.14	0.16	-0.13	-0.43	0.03	0.27	-0.19		-0.14	0.48	0.7	0.65	-0.18	0.26	0.61	0.16	-0.15	0.16	-0.01	-0.1	-0.1	-0.16	-0.01	0.68	-0.06
Non Current Assets Total	0.41	0.99	0.83	0.89	0.88	0.9	0.48	0.97	-0.14		0.47	0.33	0.39	0.99	0.73	0.37	0.43	-0.55	0.84	0.71	0.74	0.58	0.99	-0.78	-0.02	-0.87
Non Currrent Assets Other	0.03	0.48	0.48	0.51	0.11	0.59	0.66	0.38	0.48	0.47		0.86	0.73	0.42	0.7	0.78	0.35	-0.46	0.69	0.35	0.44	0.3	0.44	-0.47	0.37	-0.58
Other Assets	-0.33	0.35	0.49	0.46	-0.05	0.56	0.65	0.17	0.7	0.33	0.86		0.73	0.25	0.63	0.69	0.54	-0.34	0.62	0.07	0.38	0.43	0.34	-0.36	0.66	-0.43
Net Receivables	0.05	0.41	0.64	0.34	0.07	0.59	0.7	0.28	0.65	0.39	0.73	0.73		0.34	0.67	0.95	0.16	-0.47	0.62	0.3	0.41	-0.02	0.36	-0.45	0.48	-0.53
Good Will	0.43	0.98	0.78	0.85	0.91	0.86	0.42	0.98	-0.18	0.99	0.42	0.25	0.34		0.69	0.33	0.39	-0.54	0.8	0.76	0.7	0.54	0.97	-0.76	-0.09	-0.86
Non Current Liabilities Total	0.29	0.79	0.8	0.65	0.38	0.77	0.84	0.68	0.26	0.73	0.7	0.63	0.67	0.69		0.69	0.26	-0.89	0.97	0.57	0.87	0.32	0.71	-0.92	0.33	-0.88
Inventory	0.18	0.39	0.57	0.35	0.01	0.5	0.67	0.3	0.61	0.37	0.78	0.69	0.95	0.33	0.69		0.13	-0.6	0.63	0.34	0.35	-0.03	0.33	-0.53	0.5	-0.61
Other Current Assets	-0.32	0.38	0.3	0.66	0.24	0.53	0.2	0.27	0.16	0.43	0.35	0.54	0.16	0.39	0.26	0.13		-0.06	0.42	-0.11	0.11	0.85	0.48	-0.21	0.46	-0.4
Other Stockholder Equity	-0.47	-0.61	-0.6	-0.46	-0.22	-0.48	-0.67	-0.56	-0.15	-0.55	-0.46	-0.34	-0.47	-0.54	-0.89	-0.6	-0.06		-0.82	-0.55	-0.72	-0.12	-0.51	0.94	-0.28	0.84
Total Liab	0.31	0.89	0.85	0.82	0.52	0.86	0.8	0.76	0.16	0.84	0.69	0.62	0.62	0.8	0.97	0.63	0.42	-0.82		0.55	0.87	0.51	0.84	-0.93	0.32	-0.94
Property Plant And Equipment Gross	0.45	0.7	0.49	0.35	0.68	0.5	0.23	0.83	-0.01	0.71	0.35	0.07	0.3	0.76	0.57	0.34	-0.11	-0.55	0.55		0.52	-0.02	0.62	-0.61	-0.34	-0.63
Total Current Assets	0.39	0.83	0.79	0.64	0.56	0.78	0.75	0.7	-0.1	0.74	0.44	0.38	0.41	0.7	0.87	0.35	0.11	-0.72	0.87	0.52		0.33	0.75	-0.83	0.03	-0.73
Short Term Debt	-0.14	0.56	0.41	0.83	0.46	0.57	0.24	0.45	-0.1	0.58	0.3	0.43	-0.02	0.54	0.32	-0.03	0.85	-0.12	0.51	-0.02	0.33		0.65	-0.36	0.36	-0.48
Intangible Assets	0.37	0.98	0.85	0.93	0.88	0.91	0.46	0.93	-0.16	0.99	0.44	0.34	0.36	0.97	0.71	0.33	0.48	-0.51	0.84	0.62	0.75	0.65		-0.75	0.0	-0.84
Common Stock	-0.5	-0.83	-0.77	-0.7	-0.49	-0.68	-0.68	-0.76	-0.01	-0.78	-0.47	-0.36	-0.45	-0.76	-0.92	-0.53	-0.21	0.94	-0.93	-0.61	-0.83	-0.36	-0.75		-0.23	0.94
Property Plant Equipment	-0.41	-0.01	0.21	0.23	-0.39	0.13	0.49	-0.18	0.68	-0.02	0.37	0.66	0.48	-0.09	0.33	0.5	0.46	-0.28	0.32	-0.34	0.03	0.36	0.0	-0.23		-0.26
Net Tangible Assets	-0.45	-0.88	-0.79	-0.82	-0.58	-0.78	-0.64	-0.84	-0.06	-0.87	-0.58	-0.43	-0.53	-0.86	-0.88	-0.61	-0.4	0.84	-0.94	-0.63	-0.73	-0.48	-0.84	0.94	-0.26

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Fortive Corp Account Relationship Matchups

Fortive Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	340M	359M	352.3M	360.8M	355.6M	384.9M
Total Assets	17.4B	16.1B	16.5B	15.9B	16.9B	13.6B
Other Current Liab	736.7M	444.3M	405.5M	423.9M	470.7M	379.0M
Total Current Liabilities	3.5B	2.9B	3.7B	2.7B	1.8B	2.4B
Total Stockholder Equity	7.4B	9.0B	9.5B	9.7B	10.3B	7.4B
Other Liab	1.6B	1.2B	1.3B	1.1B	1.3B	1.1B
Property Plant And Equipment Net	726.3M	610.7M	571.1M	421.9M	594.8M	621.1M
Current Deferred Revenue	410.1M	376.4M	457.6M	509.6M	544.6M	350.2M
Accounts Payable	765.5M	480.8M	557.9M	623M	608.6M	511.5M
Non Current Assets Total	13.8B	11.6B	14.0B	13.4B	13.2B	10.6B
Non Currrent Assets Other	779.6M	344.1M	337.3M	455.8M	363.9M	449.2M
Other Assets	2.3B	344.1M	337.3M	455.8M	1.0	0.95
Net Receivables	1.4B	810.3M	930.2M	958.5M	1.1B	1.1B
Good Will	8.4B	7.4B	9.2B	9.0B	9.1B	7.0B
Liabilities And Stockholders Equity	17.4B	16.1B	16.5B	15.9B	16.9B	13.6B
Non Current Liabilities Total	6.6B	4.2B	3.2B	3.5B	4.8B	3.8B
Inventory	640.3M	455.5M	512.7M	536.7M	536.9M	591.0M
Other Current Assets	458.8M	237.1M	505.4M	272.6M	126.1M	119.8M
Other Stockholder Equity	3.3B	3.6B	3.7B	3.3B	3.1B	2.9B
Total Liab	10.0B	7.1B	6.9B	6.2B	6.6B	6.2B
Property Plant And Equipment Gross	726.3M	610.7M	571.1M	1.2B	1.2B	762.0M
Total Current Assets	3.7B	4.4B	2.5B	2.5B	3.7B	3.0B
Accumulated Other Comprehensive Income	(56.3M)	(141.1M)	(185M)	(325.7M)	(326.1M)	(309.8M)
Short Term Debt	1.6B	1.5B	2.2B	1.0B	37.6M	35.7M
Intangible Assets	3.8B	3.3B	3.9B	3.5B	3.2B	2.5B
Property Plant Equipment	585M	422M	571.1M	421.9M	379.7M	414.8M
Net Tangible Assets	(3.4B)	(1.5B)	(3.5B)	(2.9B)	(2.6B)	(2.7B)
Retained Earnings	4.1B	5.5B	6.0B	6.7B	7.5B	4.4B
Cash	1.2B	1.8B	819.3M	709.2M	1.9B	1.2B
Long Term Debt	4.8B	2.8B	1.8B	2.3B	3.6B	2.6B
Cash And Short Term Investments	1.2B	2.9B	819.3M	709.2M	1.9B	1.3B
Short Long Term Debt Total	6.5B	4.4B	4.1B	3.3B	3.8B	3.4B
Noncontrolling Interest In Consolidated Entity	17.4M	13.2M	8.5M	4.8M	4.3M	4.1M
Net Debt	5.3B	2.6B	3.3B	2.5B	1.9B	2.4B
Retained Earnings Total Equity	3.6B	4.1B	5.5B	6.0B	6.9B	3.9B
Long Term Debt Total	4.8B	2.8B	1.8B	2.3B	2.0B	2.5B
Capital Surpluse	3.3B	3.6B	3.7B	3.7B	4.3B	3.5B
Short Long Term Debt	1.5B	1.4B	2.2B	999.7M	899.7M	1.6B

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