Mettler-Toledo International Inc (MTD)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		4.52	4.01	3.65	3.73	4.31
DOH	days	80.77	91.04	100.03	97.85	84.59

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.52
= 80.77

The days of inventory on hand (DOH) for Mettler-Toledo International Inc have shown a fluctuating trend over the past five years.

At December 31, 2020, the company had 84.59 days worth of inventory on hand, indicating that on average, it took the company approximately 84.59 days to sell its inventory.

By December 31, 2021, the DOH increased to 97.85 days, suggesting a slowdown in inventory turnover compared to the previous year.

This trend continued into December 31, 2022, with a further increase in DOH to 100.03 days, signifying a longer time period for the company to sell off its inventory.

However, there was a slight improvement by December 31, 2023, with the DOH decreasing to 91.04 days, indicating a slightly quicker turnover of inventory compared to the previous year.

Finally, by December 31, 2024, the DOH decreased further to 80.77 days, suggesting that the company was able to manage its inventory more efficiently, leading to a quicker inventory turnover.

Overall, the fluctuation in the days of inventory on hand for Mettler-Toledo International Inc highlights the importance of efficient inventory management practices in optimizing the company's operations and financial performance.