Zimmer Biomet Holdings Inc (ZBH)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.74 | 2.46 | 2.79 | 3.16 | 2.85 | |
| DOH | days | 133.37 | 148.20 | 130.61 | 115.63 | 128.08 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.74
= 133.37
The days of inventory on hand (DOH) for Zimmer Biomet Holdings Inc has shown some fluctuations over the years based on the provided data.
Starting at 128.08 days on December 31, 2020, the company managed to reduce its inventory holding period to 115.63 days by December 31, 2021. However, by the end of 2022, the DOH increased to 130.61 days, indicating a potential buildup of inventory.
In the following year, the DOH further increased to 148.20 days by December 31, 2023, suggesting a prolonged period for the company to sell off its inventory. It is noteworthy that the DOH then decreased to 133.37 days by December 31, 2024, potentially indicating improvements in inventory management efficiency compared to the previous year.
Overall, fluctuations in the DOH for Zimmer Biomet Holdings Inc reflect changes in the company's inventory management practices and efficiency over the analyzed period. Additional insights from the company's operations and industry dynamics would be beneficial in further interpreting these variations in inventory holding days.
Peer comparison
Dec 31, 2024