Mettler-Toledo International (Mettler-Toledo International) EBIT : $1,051 Mil (TTM As of Dec. 2023)

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What is Mettler-Toledo International EBIT?

Mettler-Toledo International's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $252 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,051 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Mettler-Toledo International's annualized ROC % for the quarter that ended in Dec. 2023 was 31.37%. Mettler-Toledo International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 102.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Mettler-Toledo International's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.69%.

Mettler-Toledo International EBIT Historical Data

The historical data trend for Mettler-Toledo International's EBIT 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 EBIT Chart

Mettler-Toledo International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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718.81

787.36

992.60

1,125.98

1,051.09

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
EBIT	Get a 7-Day Free Trial															341.82	244.79	282.65	271.44	252.21

Competitive Comparison of Mettler-Toledo International's EBIT

For the Diagnostics & Research subindustry, Mettler-Toledo International's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Mettler-Toledo International's EV-to-EBIT falls into.

Mettler-Toledo International EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,051 Mil.

Mettler-Toledo International (NYSE:MTD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Mettler-Toledo International's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1054.792 * ( 1 - 20.54% )	/	( (2663.37	+	2679.901)	/ 2 )
=	838.1377232	/	2671.6355
=	31.37 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3288.73	-	555.685	-	( 69.675	-	max(0, 1070.423	-	1196.912	+	69.675	))
=	2663.37

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3355.555	-	626.533	-	( 69.807	-	max(0, 1181.082	-	1230.203	+	69.807	))
=	2679.901

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Mettler-Toledo International's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1008.844	/	( ( (763.209 + max(235.897, 0))	+	(803.374 + max(171.533, 0)) )	/	2 )
=	1008.844	/	( ( 999.106	+	974.907 )	/	2 )
=	1008.844	/	987.0065
=	102.21 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(634.967	+	375.959	+	116.311)	-	(555.685	+	190.784	+	144.871)
=	235.897

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(663.893	+	385.865	+	110.638)	-	(626.533	+	202.022	+	160.308)
=	171.533

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Mettler-Toledo International's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	1051.094	/	28491.234
	=	3.69 %

Mettler-Toledo International EBIT 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 » EBIT

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