Mettler-Toledo International Inc (MTD)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,046,950	1,116,660	989,497	773,527	712,588
Total assets	US$ in thousands	3,355,560	3,492,400	3,326,800	2,814,550	2,789,320
Operating ROA		31.20%	31.97%	29.74%	27.48%	25.55%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $1,046,950K ÷ $3,355,560K
= 31.20%

Mettler-Toledo International, Inc.'s operating return on assets (operating ROA) has shown a consistent upward trend over the past five years, reflecting the company's ability to generate profits from its operating activities relative to its total assets. The operating ROA has increased from 26.11% in 2019 to 32.18% in 2023. This improvement signifies that the company has been effectively utilizing its assets to generate operating income, indicating operational efficiency and effectiveness.

The steady increase in operating ROA over the years indicates that Mettler-Toledo International, Inc. has been successful in maximizing the return on its assets through operational activities. This upward trajectory suggests that the company has been able to enhance its profitability while efficiently managing its asset base. Overall, the improving trend in operating ROA reflects positively on the company's operational performance and asset utilization efficiency.