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  "docSlug": "954987ce0454",
  "documentTitle": "Mettler-Toledo International, Inc. (MTD)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-07-24 00:00:00",
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  "pageNumber": 55,
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  "nDataPoints": 60,
  "notes": "Uses a red box and arrow to highlight the removal of the metric from the 2015 compensation table.",
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      "kind": "callout",
      "text": "Given our previous observation that management always hits 100% of target for its bonus, isn't it odd that it dropped \"Inventory Turnover\" as a key metric starting in 2015. Is it a coincidence that inventory turnover peaked at exactly the time management dropped the metric, and has declined since.....",
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      "kind": "callout",
      "text": "Given our previous observation that management always hits 100% of target for its bonus, isn't it odd that it dropped “Inventory Turnover” as a key metric starting in 2015. Is it a coincidence that inventory turnover peaked at exactly the time management dropped the metric, and has declined since.....",
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      "text": "Inventory Turnover: 5.05",
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      "text": "Source: Proxy Statement",
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      "text": "MTD's LTM Inventory Turnover Table (Q1'15 - Q1'19)",
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      "text": "2014 and 2015 Compensation Tables",
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      "kind": "title",
      "text": "Inventory Strain Through The Lenses of Management",
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      "arcName": "Overcoming the Monster",
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