Mettler-Toledo International (WBO:MTD) ROCE % : 44.42% (As of Mar. 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 Mar. 2024 was 44.42%.

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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37.10

37.47

49.46

51.31

45.82

Mettler-Toledo International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															41.01	47.14	47.77	45.43	44.42

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 )
	=	963.853	/	( ( (3296.821 - 1083.458)	+	(3077.044 - 1083.052) )	/ 2 )
	=	963.853	/	( (2213.363	+	1993.992)	/ 2 )
	=	963.853	/	2103.6775
	=	45.82 %

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

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	882.388	/	( ( (3077.044 - 1083.052)	+	(3020.468 - 1041.377) )	/ 2 )
	=	882.388	/	( ( 1993.992	+	1979.091 )	/ 2 )
	=	882.388	/	1986.5415
	=	44.42 %

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

Mettler-Toledo International (WBO: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 (WBO:MTD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MTD:USA MTD:Mexico 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%.