Zimmer Biomet Holdings (XSWX:ZBH) Change In Inventory : CHF-218 Mil (TTM As of Dec. 2023)

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What is Zimmer Biomet Holdings Change In Inventory?

Zimmer Biomet Holdings's change in inventory for the quarter that ended in Dec. 2023 was CHF-24 Mil. It means Zimmer Biomet Holdings's inventory increased by CHF24 Mil from Sep. 2023 to Dec. 2023 .

Zimmer Biomet Holdings's change in inventory for the fiscal year that ended in Dec. 2023 was CHF-208 Mil. It means Zimmer Biomet Holdings's inventory increased by CHF208 Mil from Dec. 2022 to Dec. 2023 .

Zimmer Biomet Holdings's Total Inventories for the quarter that ended in Dec. 2023 was CHF2,063 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zimmer Biomet Holdings's Days Inventory for the quarter that ended in Dec. 2023 was 406.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zimmer Biomet Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.22.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Zimmer Biomet Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.24.

Zimmer Biomet Holdings Change In Inventory Historical Data

The historical data trend for Zimmer Biomet Holdings's Change In Inventory 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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Zimmer Biomet Holdings Change In Inventory Chart

Zimmer Biomet Holdings Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-123.02

-30.65

-7.74

-70.43

-207.90

Zimmer Biomet Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-11.27	-87.18	-48.44	-57.75	-24.39

Zimmer Biomet Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-218 Mil.

Zimmer Biomet Holdings (XSWX:ZBH) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Zimmer Biomet Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2076.381	/	465.954	*	365 / 4
	=	406.63

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Zimmer Biomet Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	465.954	/	2076.381
	=	0.22

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Zimmer Biomet Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2076.381	/	1677.798
	=	1.24

Zimmer Biomet Holdings Change In Inventory Related Terms

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Zimmer Biomet Holdings (XSWX:ZBH) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zimmer Biomet Holdings Inc (XSWX:ZBH) » Definitions » Change In Inventory

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ZBH:USA ZIM:Germany ZBH:Austria

Address

345 East Main Street, Warsaw, IN, USA, 46580

Website

https://www.zimmerbiomet.com

Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants, as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints, another quarter comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.