Mettler-Toledo International (Mettler-Toledo International) Inventory Turnover

: 1.01 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Mettler-Toledo International's Cost of Goods Sold for the three months ended in Dec. 2023 was $383 Mil. Mettler-Toledo International's Average Total Inventories for the quarter that ended in Dec. 2023 was $381 Mil. Mettler-Toledo International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mettler-Toledo International's Days Inventory for the three months ended in Dec. 2023 was 90.67.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Mettler-Toledo International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

Mettler-Toledo International Inventory Turnover Historical Data

The historical data trend for Mettler-Toledo International's Inventory Turnover 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.

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Mettler-Toledo International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.67

4.49

4.34

3.76

3.74

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
Inventory Turnover																0.95	0.88	0.97	0.99	1.01

Mettler-Toledo International Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1547.023	/ (	(441.694	+	385.865)	/	2 )
=	1547.023	/	413.7795
=	3.74

Mettler-Toledo International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	383.354	/ (	(375.959	+	385.865)	/	2 )
=	383.354	/	380.912
=	1.01

Mettler-Toledo International (NYSE:MTD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Mettler-Toledo International's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	380.912	/	383.354	*	365 / 4
	=	90.67

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Mettler-Toledo International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	380.912	/	934.992
	=	0.41

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Mettler-Toledo International Inventory Turnover 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 » Inventory Turnover

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