Mettler-Toledo International Inc (MTD)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.01 | 3.65 | 3.73 | 4.31 | 4.62 | |
| DOH | days | 91.04 | 100.03 | 97.85 | 84.59 | 78.99 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.01
= 91.04
The days of inventory on hand (DOH) for Mettler-Toledo International, Inc. have shown a fluctuating trend over the past five years. In 2023, the company reported a DOH of 91.04 days, which marks a decrease from the previous year. This could suggest an improvement in inventory management efficiency as the company held inventory for a shorter period in 2023 compared to 2022.
Comparing to 2021 and 2020, the DOH also decreased in 2023. The trend indicates a potential focus on streamlining operations to minimize inventory holding costs and increase inventory turnover.
In 2019, the DOH was at 78.99 days, showing a gradual increase over the following years. This could indicate a shift in inventory management strategies or changes in demand patterns affecting the company's inventory levels.
Overall, analyzing the DOH metric provides insights into how efficiently Mettler-Toledo International, Inc. is managing its inventory levels and may signal improvements or areas that require further optimization within the company's supply chain operations.
Peer comparison
Dec 31, 2023