Mettler-Toledo International Inc (MTD)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	1,046,948	1,137,322	1,155,476	1,141,132	1,117,364	1,078,766	1,046,467	1,017,332	989,497	1,246,122	1,201,288	1,125,020	1,057,600	996,854	962,721	963,351	972,072	951,340	942,073	929,544
Revenue (ttm)	US$ in thousands	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	3,008,652	2,982,607	2,963,587	2,954,217
Operating profit margin		27.64%	29.08%	29.22%	28.88%	28.51%	27.67%	27.07%	26.69%	26.61%	34.44%	34.58%	34.72%	34.28%	33.33%	32.77%	32.34%	32.31%	31.90%	31.79%	31.46%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,046,948K ÷ $3,788,309K
= 27.64%

Mettler-Toledo International, Inc.'s operating profit margin has shown consistent improvement over the quarters presented in the table. The company's operating profit margin increased steadily from Q1 2022 to reach 29.61% in Q3 2023 before experiencing a slight dip to 28.50% in Q4 2023. This indicates effective cost management and operational efficiency during the period under review. Overall, the company has demonstrated a strong ability to generate profits from its core operations, reflecting positively on its financial health and performance.