Mettler-Toledo International Inc (MTD)

Number of days of payables

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
Payables turnover 7.17 7.51 7.65 8.14 7.35 9.13 9.44 9.14 6.38 7.13 6.02 6.14 5.67 6.82 6.82 7.09 7.30 8.53 7.90 7.42
Number of days of payables days 50.93 48.57 47.73 44.82 49.64 39.96 38.65 39.93 57.19 51.19 60.61 59.47 64.42 53.53 53.55 51.48 49.97 42.79 46.19 49.16

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 some fluctuations over the given periods, ranging from a low of 38.65 days on June 30, 2023, to a high of 64.42 days on December 31, 2021. Generally, a lower number of days of payables indicates that the company is taking less time to pay its suppliers, which can be seen as a favorable factor in terms of managing working capital efficiently. On the other hand, a higher number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially signaling liquidity challenges or strained supplier relationships.

Analyzing the trend of the number of days of payables over the periods, it appears that the metric has decreased initially from March 31, 2020, to September 30, 2021, reaching its lowest point on June 30, 2023, before showing an upward trend towards the end of the period on December 31, 2024. It is important for investors and stakeholders to closely monitor this ratio as it can provide insights into the company's cash flow management, operational efficiency, and financial health.