Mettler-Toledo International Inc (MTD)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 7.35 | 6.38 | 5.67 | 7.30 | 6.83 | |
| Number of days of payables | days | 49.64 | 57.19 | 64.42 | 49.97 | 53.45 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.35
= 49.64
The number of days of payables for Mettler-Toledo International, Inc. has shown some fluctuation over the past five years. In 2023, the company took approximately 49.64 days to pay its accounts payable, showing an improvement from the previous year where it took 57.19 days. This indicates that the company managed to negotiate better payment terms with its suppliers or improved its cash flow management.
Comparing the data to 2021 and 2019, where the number of days of payables were 64.42 days and 53.45 days respectively, it is evident that Mettler-Toledo International has been able to efficiently manage its payables over the years, reducing the time taken to settle its obligations to suppliers.
Overall, the trend in the number of days of payables for Mettler-Toledo International, Inc. suggests a proactive approach towards managing working capital and maintaining good relationships with suppliers, which can positively impact the company's liquidity and financial health.
Peer comparison
Dec 31, 2023