Mettler-Toledo International Inc (MTD)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,872,364 | 3,762,226 | 3,750,153 | 3,785,520 | 3,788,309 | 3,910,997 | 3,954,381 | 3,950,651 | 3,919,704 | 3,899,264 | 3,865,368 | 3,811,332 | 3,717,931 | 3,618,676 | 3,474,083 | 3,240,405 | 3,085,177 | 2,991,160 | 2,937,669 | 2,978,362 |
| Property, plant and equipment | US$ in thousands | 770,280 | 790,447 | 768,664 | 773,495 | 803,374 | 763,209 | 780,723 | 780,013 | 778,600 | 728,602 | 760,856 | 787,472 | 799,365 | 783,813 | 790,512 | 780,166 | 798,868 | 758,010 | 743,393 | 742,651 |
| Fixed asset turnover | 5.03 | 4.76 | 4.88 | 4.89 | 4.72 | 5.12 | 5.07 | 5.06 | 5.03 | 5.35 | 5.08 | 4.84 | 4.65 | 4.62 | 4.39 | 4.15 | 3.86 | 3.95 | 3.95 | 4.01 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,872,364K ÷ $770,280K
= 5.03
Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. For Mettler-Toledo International Inc, the trend in fixed asset turnover over the past few years shows a generally increasing pattern, starting at 4.01 in March 2020 and reaching 5.03 in December 2024.
A high fixed asset turnover indicates that the company is effectively using its fixed assets to generate sales. This increasing trend suggests that Mettler-Toledo has been able to generate more revenue relative to its investment in fixed assets over the years, which is a positive sign of operational efficiency.
However, it is important to note that fluctuations in the ratio over time could be influenced by changes in sales, depreciation of assets, or significant investments in new fixed assets. Therefore, further analysis incorporating additional financial metrics and contextual information would be necessary to provide a more comprehensive assessment of the company's performance in managing its fixed assets effectively.
Peer comparison
Dec 31, 2024