ZimVie (STU:O23) Days Payable : 56.34 (As of Mar. 2024)

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What is ZimVie Days Payable?

ZimVie's average Accounts Payable for the three months ended in Mar. 2024 was €25.1 Mil. ZimVie's Cost of Goods Sold for the three months ended in Mar. 2024 was €40.7 Mil. Hence, ZimVie's Days Payable for the three months ended in Mar. 2024 was 56.34.

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

STU:O23' s Days Payable Range Over the Past 10 Years
Min: 54.99 Med: 59.3 Max: 113.49
Current: 113.49

During the past 6 years, ZimVie's highest Days Payable was 113.49. The lowest was 54.99. And the median was 59.30.

STU:O23's Days Payable is ranked better than
68.7% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.67 vs STU:O23: 113.49

ZimVie's Days Payable declined from Mar. 2023 (84.01) to Mar. 2024 (56.34). It may suggest that ZimVie accelerated paying its suppliers.

ZimVie Days Payable Historical Data

The historical data trend for ZimVie'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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ZimVie Days Payable Chart

ZimVie Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.99

61.11

94.57

74.05

60.16

ZimVie Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												84.01	68.98	76.81	-	56.34

Competitive Comparison of ZimVie's Days Payable

For the Medical Devices subindustry, ZimVie'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.

ZimVie's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where ZimVie's Days Payable falls into.

ZimVie 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.

ZimVie'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
=	( (25.014	+	25.479)	/	2 )	/	153.185	*	365
=	25.2465					/	153.185	*	365
=	60.16

ZimVie's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (25.479	+	24.799)	/	2 )	/	40.717	*	365 / 4
=	25.139					/	40.717	*	365 / 4
=	56.34

ZimVie Days Payable Related Terms

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ZimVie (STU:O23) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ZimVie Inc (STU:O23) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZIMV:USA O23:Germany

Address

10225 Westmoor Drive, Westminster, CO, USA, 80021

Website

https://www.zimvie.com

ZimVie Inc is focused on the dental and spine markets and their respective growth drivers such as implants, surgical tools, bone graft substitutes, spinal fusion implants, non-fusion alternatives, and digital care management solutions. Business is organized into two operating segments the spine products segment and the dental products segment.

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