Mettler-Toledo International Inc (MTD)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,546,780	1,547,020	1,611,670	1,546,380	1,284,150
Payables	US$ in thousands	215,843	210,411	252,538	272,911	175,801
Payables turnover		7.17	7.35	6.38	5.67	7.30

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,546,780K ÷ $215,843K
= 7.17

The payables turnover ratio for Mettler-Toledo International Inc has exhibited fluctuations over the years.

- In 2020, the payables turnover ratio was 7.30, indicating that the company was able to convert its accounts payable into cash 7.30 times during that year.
- In 2021, this ratio decreased to 5.67, suggesting a slower rate of turnover compared to the previous year.
- The ratio improved in 2022 to 6.38, showing a better performance in managing its payables.
- By 2023, the payables turnover increased significantly to 7.35, indicating a faster conversion of payables into cash.
- In 2024, the ratio slightly decreased to 7.17, but still remained at a relatively high level.

Overall, the company's payables turnover ratio has shown some variability but generally reflects efficient management of its accounts payable by effectively converting them into cash, with the highest turnover observed in 2023.