Mettler-Toledo International Inc (MTD)

Return on assets (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
Net income (ttm)	US$ in thousands	788,778	869,818	888,784	886,927	872,502	780,669	763,760	736,453	712,115	687,777	645,856	587,655	536,107	579,193	546,821	547,419	561,109	549,546	546,804	531,112
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
ROA		23.51%	26.45%	26.37%	26.01%	24.98%	23.70%	22.89%	21.94%	21.41%	21.45%	20.55%	19.40%	19.05%	20.94%	20.41%	18.97%	20.12%	20.85%	20.55%	20.14%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $788,778K ÷ $3,355,560K
= 23.51%

The return on assets (ROA) for Mettler-Toledo International, Inc. has shown consistent performance over the past eight quarters, ranging from 23.51% in Q4 2023 to 26.45% in Q3 2023. The company's ROA has generally remained above 24% during this period, indicating its ability to generate profit relative to its total assets. This trend suggests efficient asset utilization and effective management of the company's resources. Overall, the consistent and relatively high ROA levels reflect positively on Mettler-Toledo International, Inc.'s operational efficiency and profitability.