Mettler-Toledo International Inc (MTD)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	6.83	8.52	7.84	7.19
Number of days of payables	days	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	53.45	42.86	46.56	50.73

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.35
= 49.64

On average, Mettler-Toledo International, Inc. took approximately 45.05 days to pay its suppliers over the past eight quarters. The trend in the number of days of payables shows some variability, with the highest number of days occurring in the second quarter of 2022 at 60.61 days and the lowest in the second quarter of 2023 at 38.65 days. Overall, a decreasing trend in the number of days of payables from 57.19 days in Q4 2022 to 39.64 days in Q4 2023 indicates that the company has been managing its payable period more efficiently over recent quarters. Nevertheless, it is important to continue monitoring this ratio to ensure sustainable cash flow management and supplier relationships.