Mettler-Toledo International Inc (MTD)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	3,872,364	3,762,226	3,750,153	3,785,520	3,788,309	3,910,997	3,954,381	3,950,651	3,919,704	3,899,264	3,865,368	3,811,332	3,717,931	3,618,676	3,474,083	3,240,405	3,085,177	2,991,160	2,937,669	2,978,362
Receivables	US$ in thousands	687,112	637,202	634,710	650,333	663,893	634,967	648,002	640,050	709,321	611,399	626,593	617,880	647,335	603,364	600,191	574,418	593,809	521,777	490,429	518,556
Receivables turnover		5.64	5.90	5.91	5.82	5.71	6.16	6.10	6.17	5.53	6.38	6.17	6.17	5.74	6.00	5.79	5.64	5.20	5.73	5.99	5.74

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,872,364K ÷ $687,112K
= 5.64

The receivables turnover ratio for Mettler-Toledo International Inc has shown fluctuations over the past few years, ranging from 5.20 to 6.38. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.

From March 31, 2020, to March 31, 2024, the receivables turnover ratio has generally improved, suggesting that the company has become more effective in collecting payments from its customers. However, there have been periods of slight decline in the ratio, such as in December 31, 2020, and December 31, 2023.

Overall, a consistent level of above 5 indicates that Mettler-Toledo International Inc is managing its accounts receivable well and converting credit sales into cash efficiently. It is important for the company to continue monitoring and managing its receivables turnover to ensure healthy cash flow and financial stability in the long term.