Mettler-Toledo International Inc (MTD)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		4.01	4.23	4.07	3.78	3.65	3.58	3.48	3.57	3.73	3.92	4.10	4.18	4.31	4.28	4.11	4.28	4.62	4.49	4.40	4.45
DOH	days	91.04	86.35	89.68	96.59	100.03	101.92	104.96	102.37	97.85	93.12	88.95	87.39	84.59	85.30	88.81	85.22	78.99	81.26	83.02	81.95

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 eight quarters. In Q4 2023, the company had 91.04 days worth of inventory on hand, a slight increase from the previous quarter's 86.35 days. This suggests that the company may be holding onto its inventory for a longer period compared to the previous quarter.

Compared to the same quarter in the prior year, Q4 2022, the DOH has decreased from 100.03 days to 91.04 days in Q4 2023. This reduction indicates that the company has managed its inventory more efficiently, possibly by selling products at a faster rate or managing its supply chain more effectively.

Overall, the DOH trend for Mettler-Toledo International, Inc. shows some volatility but has decreased compared to the same quarter in the prior year. It is essential for the company to continue monitoring and optimizing its inventory management practices to maintain an appropriate level of inventory while balancing costs and revenue generation.