Mettler-Toledo International Inc (MTD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 788,778 | 872,502 | 768,985 | 602,739 | 561,109 |
| Total assets | US$ in thousands | 3,355,560 | 3,492,400 | 3,326,800 | 2,814,550 | 2,789,320 |
| ROA | 23.51% | 24.98% | 23.11% | 21.42% | 20.12% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $788,778K ÷ $3,355,560K
= 23.51%
The return on assets (ROA) for Mettler-Toledo International, Inc. has shown a consistent upward trend over the past five years. From 2019 to 2023, the ROA has increased from 20.12% to 23.51%, indicating that the company has been able to generate more profit relative to its total assets.
This improvement suggests that the company has been effective in utilizing its assets to generate earnings. A rising ROA can be a positive indicator of management efficiency and profitability, as it shows that the company is generating more profits from its assets over time.
Overall, the increasing trend in Mettler-Toledo International, Inc.'s ROA signifies that the company has been successful in leveraging its assets to drive profitability and create value for its shareholders.
Peer comparison
Dec 31, 2023