Mettler-Toledo International Inc (MTD)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.17 | 7.35 | 6.38 | 5.67 | 7.30 | |
| Number of days of payables | days | 50.93 | 49.64 | 57.19 | 64.42 | 49.97 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.17
= 50.93
The number of days of payables for Mettler-Toledo International Inc has shown fluctuations over the years based on the provided data.
As of December 31, 2020, the company took approximately 49.97 days to pay its trade payables, which increased to 64.42 days by December 31, 2021. This suggests that the company may have taken longer to settle its trade payables in 2021 compared to the previous year.
By December 31, 2022, the number of days of payables decreased to 57.19 days, indicating a slight improvement in the company's ability to manage its payables effectively. However, by December 31, 2023, the number of days decreased further to 49.64 days, implying that the company might have been able to optimize its payables process more efficiently during that period.
In the most recent period as of December 31, 2024, the number of days of payables increased slightly to 50.93 days, which could suggest a small deterioration in the company's payables management compared to the previous year.
Overall, the trend in the number of days of payables for Mettler-Toledo International Inc over the years indicates some variability in the company's ability to balance its trade payables efficiently.
Peer comparison
Dec 31, 2024