Zimmer Biomet Holdings (Zimmer Biomet Holdings) Days Inventory : 398.71 (As of Dec. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Zimmer Biomet Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zimmer Biomet Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $2,354 Mil. Zimmer Biomet Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $539 Mil. Hence, Zimmer Biomet Holdings's Days Inventory for the three months ended in Dec. 2023 was 398.71.

The historical rank and industry rank for Zimmer Biomet Holdings's Days Inventory or its related term are showing as below:

ZBH' s Days Inventory Range Over the Past 10 Years
Min: 322.85 Med: 362.73 Max: 483.76
Current: 398.43

During the past 13 years, Zimmer Biomet Holdings's highest Days Inventory was 483.76. The lowest was 322.85. And the median was 362.73.

ZBH's Days Inventory is ranked worse than
83.38% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 186.925 vs ZBH: 398.43

Zimmer Biomet Holdings's Days Inventory increased from Dec. 2022 (374.94) to Dec. 2023 (398.71). It might indicate that Zimmer Biomet Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zimmer Biomet Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.23.

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. Zimmer Biomet Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.21.

Zimmer Biomet Holdings Days Inventory Historical Data

The historical data trend for Zimmer Biomet Holdings's Days Inventory 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.

Zimmer Biomet Holdings Days Inventory Chart

Zimmer Biomet Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

376.04

483.76

428.11

388.15

396.95

Zimmer Biomet Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															374.94	399.81	392.18	404.62	398.71

Competitive Comparison of Zimmer Biomet Holdings's Days Inventory

For the Medical Devices subindustry, Zimmer Biomet Holdings's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Zimmer Biomet Holdings's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Zimmer Biomet Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zimmer Biomet Holdings's Days Inventory falls into.

Zimmer Biomet Holdings Days Inventory Calculation

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

Zimmer Biomet Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2147.2	+	2385.2)	/	2 )	/	2083.8	*	365
=	2266.2					/	2083.8	*	365
=	396.95

Zimmer Biomet Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2323.3	+	2385.2)	/	2 )	/	538.8	*	365 / 4
=	2354.25					/	538.8	*	365 / 4
=	398.71

Zimmer Biomet Holdings (NYSE:ZBH) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Zimmer Biomet Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	538.8	/	2354.25
	=	0.23

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.

Zimmer Biomet Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2354.25	/	1940.1
	=	1.21

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Zimmer Biomet Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Zimmer Biomet Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Zimmer Biomet Holdings (Zimmer Biomet Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zimmer Biomet Holdings Inc (NYSE:ZBH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

ZIM:Germany ZBH:Austria

Address

345 East Main Street, Warsaw, IN, USA, 46580

Website

https://www.zimmerbiomet.com

Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants, as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints, another quarter comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.

Executives

Syed A. Jafry	director	345 E. MAIN STREET, WARSAW IN 46580
Sreelakshmi Kolli	director	C/O ALIGN TECHNOLOGY INC., 2820 ORCHARD PARKWAY, SAN JOSE CA 94131
Christopher B Begley	director
Robert Hagemann	director	3 GIRALDA FARMS, MADISON NJ 07940
Michael W Michelson	director	2800 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Betsy J Bernard	director	711 HIGH STREET, DES MOINES IA 50392-0300
Arthur J Higgins	director	C/O ZIMMER, INC., P.O. BOX 708, WARSAW IN 46580
Chad F Phipps	officer: Assoc. Gen. Counsel, Corp. Sec	C/O ZIMMER, INC., P.O. BOX 708, WARSAW IN 46580
Zuilen Wilfred Van	officer: Pres, Europe, M. East & Africa	345 E. MAIN STREET, WARSAW IN 46580
Paul A Stellato	officer: VP, Controller & CAO	C/O XYLEM INC, 1 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Sang Yi	officer: President, Asia Pacific	345 E. MAIN STREET, WARSAW IN 46580
Lori Winkler	officer: SVP and CHRO	345 E. MAIN STREET, WARSAW IN 46580
Rachel Ellingson	officer: SVP & CSO	345 E MAIN STREET, WARSAW K7 46580
Bryan C Hanson	director, officer: President and CEO	ZIMMER BIOMET HOLDINGS, 345 E. MAIN STREET, WARSAW IN 46580
Aure Bruneau	officer: Group President	345 E. MAIN STREET, WARSAW IN 46580