Zimmer Biomet Holdings Inc (ZBH)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 14.31 | 16.95 | 22.12 | 21.16 | 15.59 | |
| Number of days of payables | days | 25.51 | 21.54 | 16.50 | 17.25 | 23.41 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.31
= 25.51
Zimmer Biomet Holdings Inc's number of days of payables has shown an increasing trend from 2019 to 2023. The company's number of days of payables was 64.96 days in 2019 and has fluctuated since then. In 2023, the number of days of payables increased to 71.92 days. This indicates that the company is taking longer to pay its suppliers or vendors compared to the previous years. A higher number of days of payables can suggest that the company is effectively managing its working capital by delaying payments, which can improve cash flow. However, a significant increase in the number of days of payables may also indicate potential strains on supplier relationships or financial difficulties. Further analysis and comparison with industry peers would provide more insights into Zimmer Biomet Holdings Inc's payment practices and financial health.
Peer comparison
Dec 31, 2023