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Zimmer Biomet Holdings Inc (ZBH) |
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Zimmer Biomet Holdings Inc Inventory Turnover Ratio (COS)
Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics
Due to inventory build up in the third quarter 2023, Zimmer Biomet Holdings Inc 's inventory turnover ratio sequentially decreased to 0.92 in the third quarter 2023, unsurprisingly, as the Zimmer Biomet Holdings Inc markets continue to deteriorate, and ZBH's faces growing challenges to bring down its inventories. Zimmer Biomet Holdings Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 397 days, from 392 days, in the Jun 30 2023 quarter.
Within Healthcare sector 342 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 393 in the second quarter 2023, to 1139.
ZBH Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Zimmer Biomet Holdings Inc Market Share?
What is Inventory Turnover Ratio?
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Select the Comparisons :
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Select the Ratio:
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| ZBH Inventory Turnover Ratio |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
(Mar 31 2023)
I. Quarter |
(Dec 31 2022)
IV. Quarter |
(Sep 30 2022)
III. Quarter |
| Y / Y Inventory Growth |
9.15 % |
7.21 % |
5.12 % |
-10.33 % |
-15.44 % |
| Y / Y Cost of Sales Growth |
6.23 % |
2.84 % |
0.16 % |
-21.35 % |
-16.04 % |
| Inventory Turnover Ratio (TTM) |
0.92 |
0.93 |
0.94 |
0.95 |
0.98 |
| ZBH's Total
Ranking |
# 1139 |
# 393 |
# 1265 |
# 1902 |
# 1746 |
| Average inventory processing period |
397 |
394 |
390 |
385 |
371 |
| Seq. Inventory Growth |
2.09 % |
1.54 % |
4.38 % |
0.87 % |
0.28 % |
| Seq. Cost of Sales Growth |
-1.31 % |
4.93 % |
-3.75 % |
6.58 % |
-4.46 % |
| Inventory Turnover Ratio Statistics |
| High |
Average |
Low |
| 1.08 |
0.97 |
0.84 |
| (Sep 30 2017) |
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(Jun 30 2020) |
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Date modified: 2023-11-08T18:47:34+00:00
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