Mettler-Toledo International (Mettler-Toledo International) Days Payable

: 45.75 (As of Dec. 2023)

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Mettler-Toledo International's average Accounts Payable for the three months ended in Dec. 2023 was $192 Mil. Mettler-Toledo International's Cost of Goods Sold for the three months ended in Dec. 2023 was $383 Mil. Hence, Mettler-Toledo International's Days Payable for the three months ended in Dec. 2023 was 45.75.

The historical rank and industry rank for Mettler-Toledo International's Days Payable or its related term are showing as below:

MTD' s Days Payable Range Over the Past 10 Years
Min: 46.43 Med: 52.16 Max: 59.5
Current: 46.43

During the past 13 years, Mettler-Toledo International's highest Days Payable was 59.50. The lowest was 46.43. And the median was 52.16.

MTD's Days Payable is ranked worse than
63.98% of 211 companies
in the Medical Diagnostics & Research industry
Industry Median: 70.14 vs MTD: 46.43

Mettler-Toledo International's Days Payable declined from Dec. 2022 (51.38) to Dec. 2023 (45.75). It may suggest that Mettler-Toledo International accelerated paying its suppliers.

Mettler-Toledo International Days Payable Historical Data

The historical data trend for Mettler-Toledo International's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mettler-Toledo International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

55.04

51.36

52.96

59.50

54.61

Mettler-Toledo International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																51.38	51.25	39.72	41.01	45.75

Competitive Comparison

For the Diagnostics & Research subindustry, Mettler-Toledo International's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mettler-Toledo International Days Payable Distribution

For the Medical Diagnostics & Research industry and Healthcare sector, Mettler-Toledo International's Days Payable distribution charts can be found below:

* The bar in red indicates where Mettler-Toledo International's Days Payable falls into.

Mettler-Toledo International Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Mettler-Toledo International's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (252.538	+	210.411)	/	2 )	/	1547.023	*	365
=	231.4745					/	1547.023	*	365
=	54.61

Mettler-Toledo International's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (173.97	+	210.411)	/	2 )	/	383.354	*	365 / 4
=	192.1905					/	383.354	*	365 / 4
=	45.75

Mettler-Toledo International Days Payable Related Terms

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Mettler-Toledo International (Mettler-Toledo International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Mettler-Toledo International Inc (NYSE:MTD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MTD:Mexico MTO:Germany MTO:Germany M1TD34:Brazil

Address

1900 Polaris Parkway, Columbus, OH, USA, 43240

Website

https://www.mt.com

Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences, industrial, and food retail industries. Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with sales distribution roughly as follows: United States around 30% of sales, Europe around 30%, China around 20%, and the rest of the world around 20%.

Executives

Roland D Diggelmann	director	3950 SOUTH COUNTRY CLUB ROAD, SUITE 470, TUCSON AZ 85714
Wolfgang Wienand	director	IM LANGACHER 44, GREIFENSEE V8 8606
Gerry Keller	officer: Head of Process Analytics	1900 POLARIS PKWY, COLUMBUS OH 43240
Wong Ann Ping Richard	officer: Head of Asia/Pac Market Orgs	IM LANGACHER 44, GREIFENSEE V8 8606
Shawn Vadala	officer: Chief Financial Officer	1900 POLARIS PKWY, COLUMBUS OH 43240
Wah-hui Chu	director	IM LANGACHER, GREIFENSEE V8 8606
Oliver A Filliol	director	METTLER TOLEDO INTL INC, IM LANGACHER 44, GREIFENSEE V8 8606
Christian Magloth	officer: Head of Human Resources	IM LANGACHER, GREIFENSEE V8 8608
Robert F Spoerry	director	METTLER TOLEDO INTL INC, IM LANGACHER, GREIFENSEE V8 99999
Peter Aggersbjerg	officer: Head of Divisions & Operations	1900 POLARIS PKWY, COLUMBUS OH 43240
Ingrid Zhang	director	IM LANGACHER 44, GREIFENSEE V8 8606
De La Guerroniere Marc	officer: Head of Eur & NA Market Orgs	IM LANGACHER, GREIFENSEE V8 8606
Elisha W Finney	director	C/O VARIAN MEDICAL SYSTEMS, INC, 3100 HANSEN WAY M/S E-327, PALO ALTO CA 94304
Michael A Kelly	director	1900 POLARIS PKWY, COLUMBUS OH 43240
Patrick Kaltenbach	officer: President and CEO	IM LANGACHER 44, GREIFENSEE V8 8606