Mettler-Toledo International Inc (MTD)
Total asset 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 |
| Total assets | US$ in thousands | 3,240,000 | 3,355,560 | 3,492,400 | 3,326,800 | 2,814,550 |
| Total asset turnover | 1.20 | 1.13 | 1.12 | 1.12 | 1.10 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,872,360K ÷ $3,240,000K
= 1.20
Total asset turnover is a key financial ratio that measures a company's ability to generate revenue relative to its total assets. For Mettler-Toledo International Inc, the total asset turnover has shown an upward trend over the years, increasing from 1.10 in 2020 to 1.20 in 2024.
This indicates that the company was able to effectively utilize its assets to generate more sales revenue. A higher total asset turnover ratio suggests that the company is operating more efficiently and effectively in utilizing its assets to generate revenue.
Mettler-Toledo International Inc's consistently improving total asset turnover ratio demonstrates its ability to efficiently manage its operations and assets to generate increasing levels of revenue over the years. This trend is positive and indicates the company's effectiveness in utilizing its assets to drive sales growth.
Peer comparison
Dec 31, 2024