Mettler-Toledo International Inc (MTD)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,872,360 | 3,788,310 | 3,919,710 | 3,717,930 | 3,085,180 |
| Property, plant and equipment | US$ in thousands | 770,280 | 803,374 | 778,600 | 799,365 | 798,868 |
| Fixed asset turnover | 5.03 | 4.72 | 5.03 | 4.65 | 3.86 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,872,360K ÷ $770,280K
= 5.03
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its investment in fixed assets. Mettler-Toledo International Inc has shown a consistent increase in its fixed asset turnover over the years, from 3.86 in December 31, 2020, to 5.03 in December 31, 2022 and December 31, 2024. This indicates that the company is getting better at utilizing its fixed assets to generate sales. However, there was a slight dip in 2023 to 4.72. Overall, the trend suggests that Mettler-Toledo International Inc is effectively managing its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024