Mettler-Toledo International Inc (MTD)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,872,360 | 3,788,310 | 3,919,710 | 3,717,930 | 3,085,180 |
| Receivables | US$ in thousands | 687,112 | 663,893 | 709,321 | 647,335 | 593,809 |
| Receivables turnover | 5.64 | 5.71 | 5.53 | 5.74 | 5.20 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,872,360K ÷ $687,112K
= 5.64
The receivables turnover ratio for Mettler-Toledo International Inc has shown a consistent trend over the past five years. In December 2020, the ratio stood at 5.20, indicating that the company converted its accounts receivable into cash 5.20 times during that year.
Subsequently, the ratio increased to 5.74 by December 2021, reflecting an improvement in the efficiency of the company in collecting payments from its customers. However, in December 2022, the receivables turnover ratio slightly dropped to 5.53 before rebounding to 5.71 by December 2023.
In the most recent year, December 2024, the receivables turnover ratio settled at 5.64. This indicates that on average, Mettler-Toledo International Inc was able to collect outstanding receivables approximately 5.64 times during the year.
Overall, the receivables turnover ratio for Mettler-Toledo International Inc has been relatively stable and within a narrow range, suggesting the company has been effective in managing its accounts receivable and converting them into cash efficiently over the period under review.
Peer comparison
Dec 31, 2024