Mettler-Toledo International Inc (MTD)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	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	2,789,320	2,635,870	2,660,860	2,636,700
Operating ROA		31.20%	34.58%	34.28%	33.47%	31.99%	32.74%	31.36%	30.31%	29.74%	38.85%	38.22%	37.15%	37.58%	36.03%	35.93%	33.38%	34.85%	36.09%	35.40%	35.25%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,046,948K ÷ $3,355,560K
= 31.20%

Mettler-Toledo International, Inc.'s operating return on assets (operating ROA) has shown a consistently strong performance over the past eight quarters. The operating ROA has ranged between 30.47% and 35.21%, with an average of approximately 33.26% during this period. This indicates that the company is efficiently utilizing its assets to generate operating income.

The upward trend in operating ROA from Q1 2022 to Q3 2023 reflects the company's ability to improve its profitability relative to its asset base. Q3 2023 had the highest operating ROA of 35.21%, suggesting a particularly successful quarter in terms of asset utilization. While there was a slight decline in Q4 2023 to 32.18%, the overall performance remains solid.

Mettler-Toledo International, Inc.'s consistently high operating ROA levels signify effective management of its resources and operations, resulting in strong profitability relative to its asset investments. Investors and stakeholders may view this as a positive indicator of the company's operational efficiency and financial health.