Mettler-Toledo International (MEX:MTD) ROCE % : 55.99% (As of Sep. 2024)

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What is Mettler-Toledo International ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Mettler-Toledo International's annualized ROCE % for the quarter that ended in Sep. 2024 was 55.99%.

Mettler-Toledo International ROCE % Historical Data

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

Mettler-Toledo International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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35.97

40.34

48.48

48.55

43.19

Mettler-Toledo International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															47.79	45.33	43.84	53.54	55.99

Mettler-Toledo International ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	17841.53	/	( ( (68087.733 - 22376.164)	+	(56958.023 - 20047.979) )	/ 2 )
	=	17841.53	/	( (45711.569	+	36910.044)	/ 2 )
	=	17841.53	/	41310.8065
	=	43.19 %

Mettler-Toledo International's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	21860.248	/	( ( (59525.019 - 23471.386)	+	(65368.409 - 23332.375) )	/ 2 )
	=	21860.248	/	( ( 36053.633	+	42036.034 )	/ 2 )
	=	21860.248	/	39044.8335
	=	55.99 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Mettler-Toledo International (MEX:MTD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Mettler-Toledo International ROCE % Related Terms

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Mettler-Toledo International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Mettler-Toledo International Inc (MEX:MTD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MTD:USA 0K10:UK MTO:Germany MTO:Germany

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 (around 55% of sales), industrial (around 39%), and food retail (around 6%) 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 the Americas accounting for about 37% of sales, Europe about 26%, China about 19% and the rest of the world about 18%.