Mettler-Toledo International Inc (MTD)
Total asset 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 |
| Total assets | US$ in thousands | 3,240,000 | 3,319,830 | 3,249,160 | 3,283,120 | 3,355,560 | 3,288,730 | 3,370,400 | 3,409,910 | 3,492,400 | 3,294,460 | 3,336,430 | 3,356,180 | 3,326,800 | 3,207,160 | 3,142,900 | 3,028,370 | 2,814,550 | 2,766,540 | 2,679,650 | 2,885,780 |
| Total asset turnover | 1.20 | 1.13 | 1.15 | 1.15 | 1.13 | 1.19 | 1.17 | 1.16 | 1.12 | 1.18 | 1.16 | 1.14 | 1.12 | 1.13 | 1.11 | 1.07 | 1.10 | 1.08 | 1.10 | 1.03 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,872,364K ÷ $3,240,000K
= 1.20
Total asset turnover measures a company's ability to generate revenue from its assets. For Mettler-Toledo International Inc, we observe a gradual increase in total asset turnover from 1.03 in March 2020 to 1.20 in December 2024. This indicates that the company has become more efficient in utilizing its assets to generate sales over this period. The fluctuations in total asset turnover may be attributed to various factors such as changes in sales volume, asset utilization, or asset base.
On average, the total asset turnover for Mettler-Toledo International Inc over this period is around 1.13, suggesting that, on average, the company generates $1.13 in revenue for every dollar of assets owned. A higher total asset turnover ratio generally indicates better efficiency in asset utilization, as the company is generating more revenue without needing to significantly increase its asset base.
Investors and analysts may view the increasing total asset turnover positively, as it demonstrates improving efficiency in the company's operations. However, it is important to consider other financial metrics and qualitative factors alongside total asset turnover to gain a comprehensive understanding of the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2024