Zimmer Biomet Holdings (FRA:ZIM) Days Payable : 62.43 (As of Dec. 2023)

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What is Zimmer Biomet Holdings Days Payable?

Zimmer Biomet Holdings's average Accounts Payable for the three months ended in Dec. 2023 was €338 Mil. Zimmer Biomet Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was €494 Mil. Hence, Zimmer Biomet Holdings's Days Payable for the three months ended in Dec. 2023 was 62.43.

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

FRA:ZIM' s Days Payable Range Over the Past 10 Years
Min: 42.81 Med: 59.35 Max: 73.12
Current: 64.33

During the past 13 years, Zimmer Biomet Holdings's highest Days Payable was 73.12. The lowest was 42.81. And the median was 59.35.

FRA:ZIM's Days Payable is ranked worse than
54.96% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs FRA:ZIM: 64.33

Zimmer Biomet Holdings's Days Payable increased from Dec. 2022 (62.38) to Dec. 2023 (62.43). It may suggest that Zimmer Biomet Holdings delayed paying its suppliers.

Zimmer Biomet Holdings Days Payable Historical Data

The historical data trend for Zimmer Biomet Holdings's Days Payable 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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Zimmer Biomet Holdings Days Payable Chart

Zimmer Biomet Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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61.17

76.92

57.07

57.97

67.89

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 Payable	Get a 7-Day Free Trial															62.38	68.78	65.67	58.86	62.43

Competitive Comparison of Zimmer Biomet Holdings's Days Payable

For the Medical Devices subindustry, Zimmer Biomet Holdings's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Medical Devices & Instruments Industry

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

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

Zimmer Biomet Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (334.27	+	376.52)	/	2 )	/	1910.844	*	365
=	355.395					/	1910.844	*	365
=	67.89

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (299.559	+	376.52)	/	2 )	/	494.08	*	365 / 4
=	338.0395					/	494.08	*	365 / 4
=	62.43

Zimmer Biomet Holdings Days Payable Related Terms

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Zimmer Biomet Holdings (FRA:ZIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zimmer Biomet Holdings Inc (FRA:ZIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZBH:USA 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.