Zimmer Biomet Holdings Inc (ZBH)

Number of days of payables

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		14.31	19.23	17.15	15.20	16.95	18.46	20.93	20.66	22.12	20.39	18.44	19.25	21.16	19.30	17.79	16.88	15.59	15.82	16.05	15.13
Number of days of payables	days	25.51	18.99	21.28	24.02	21.54	19.77	17.44	17.66	16.50	17.90	19.79	18.96	17.25	18.91	20.52	21.63	23.41	23.07	22.75	24.13

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.31
= 25.51

The number of days of payables for Zimmer Biomet Holdings Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company had an average of 71.92 days to pay its suppliers, which was higher compared to the previous quarter (Q3 2023) when it was 56.50 days. This indicates that in Q4 2023, Zimmer Biomet took longer to settle its payables.

Looking further back, in Q2 2023, the number of days of payables was 63.61 days, showing an increase from the previous quarter but still lower than Q4 2023. In Q1 2023, the number of days of payables increased to 71.74 days, suggesting a longer payment cycle compared to Q2 2023.

Comparing the current data to the same quarter in the previous year, Q4 2023 (71.92 days) had a higher number of days of payables compared to Q4 2022 (64.00 days). This trend of higher payables days in Q4 2023 continued from the previous quarter.

Overall, Zimmer Biomet's number of days of payables has shown variability over the past eight quarters, with some quarters indicating longer payment cycles than others. It is important for the company to monitor its payables closely to ensure efficient management of its working capital and relationships with suppliers.