Mettler-Toledo International Inc (MTD)

Days of sales outstanding (DSO)

		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
Receivables turnover		5.71	6.16	6.10	6.17	5.53	6.38	6.17	6.17	5.74	6.00	5.79	5.64	5.20	5.73	5.99	5.74	5.31	5.93	5.94	6.04
DSO	days	63.97	59.26	59.81	59.13	66.05	57.23	59.17	59.17	63.55	60.86	63.06	64.70	70.25	63.67	60.93	63.55	68.70	61.59	61.42	60.45

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.71
= 63.97

Based on the historical trend of Mettler-Toledo International, Inc.'s Days Sales Outstanding (DSO) over the past eight quarters, there seems to be some fluctuation. The DSO ranged from a low of 57.23 days in Q3 2022 to a high of 66.05 days in Q4 2022.

In the most recent quarter (Q4 2023), the DSO was 63.97 days, showing an increase from the previous quarter (Q3 2023) where it was 59.26 days. This suggests that the company took longer to collect its accounts receivable in Q4 2023 compared to Q3 2023.

Overall, it appears that Mettler-Toledo International, Inc. has been managing its accounts receivable collection efficiency within a relatively stable range over the past two years, with the DSO hovering around the high 50s to low 60s. It would be important to monitor future quarters to see if the recent increase in DSO is a one-time occurrence or part of a developing trend.