Mettler-Toledo International Inc (MTD)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.71 | 5.53 | 5.74 | 5.20 | 5.31 | |
| DSO | days | 63.97 | 66.05 | 63.55 | 70.25 | 68.70 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.71
= 63.97
The Days Sales Outstanding (DSO) ratio for Mettler-Toledo International, Inc. has shown fluctuations over the past five years. In 2023, the DSO improved to 63.97 days from 66.05 days in 2022. This indicates that the company collected its accounts receivable more efficiently in 2023 compared to the previous year.
Furthermore, the DSO for 2023 was lower than both 2020 and 2019, suggesting that the company has improved its collection efficiency over the last two years. However, the DSO was slightly higher compared to 2021, when it was at 63.55 days.
Overall, the trend in DSO for Mettler-Toledo International, Inc. indicates a positive development in managing its accounts receivable and collecting payments from customers in a timely manner, with a slightly better performance in 2023 compared to previous years.
Peer comparison
Dec 31, 2023