Zimmer Biomet Holdings Inc (ZBH)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		2.46	2.79	3.16	2.85	2.62
DOH	days	148.20	130.61	115.63	128.08	139.27

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.46
= 148.20

The days of inventory on hand (DOH) for Zimmer Biomet Holdings Inc has shown some variability over the past five years. In 2023, the company had 417.79 days of inventory on hand, which increased from 388.08 days in 2022. This implies that Zimmer Biomet held its inventory for a longer period in 2023 compared to the previous year.

However, in 2021, the DOH decreased to 373.34 days, indicating that the company managed its inventory more efficiently that year. The DOH then increased again in 2020 to 420.29 days, showing a less efficient inventory management compared to 2019 when the DOH was 386.45 days.

Overall, the trend in DOH for Zimmer Biomet Holdings Inc suggests some fluctuations in inventory management efficiency over the years, with efforts needed to optimize inventory levels and turnover to enhance operational performance and profitability.