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Zimmer Biomet Holdings Inc (ZBH) |
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Zimmer Biomet Holdings Inc Accounts Receivables Turnover Ratio from the third quarter 2023 to the third quarter 2022
Quarterly Results, Trends, Rankings, Statistics
Accounts Receivable turnover ratio remained unchanged during the third quarter 2023, compared to the previous quarter at 5.32 pointing to a challenging and on top of that deteriorating business climate for the Medical Equipment & Supplies industry. Average collection period, for Zimmer Biomet Holdings Inc 's accounts receivable remained unchanged at 69 days, in the Sep 30 2023 quarter.
If we take a look into Healthcare sector 390 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 2526 to 2630.
What is Receivable Turnover Ratio?
What is Zimmer Biomet Holdings Inc Selling?
What is Receivable Turnover Ratio?
Select the Comparisons :
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Select the Ratio:
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Accounts Receivables Turnover▼
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Accounts Receivables Turnover▼
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ZBH Receivables 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 Receivable Change |
4.87 % |
6.65 % |
10.1 % |
-1.67 % |
-8.15 % |
Y / Y Revenue Change |
5.02 % |
4.93 % |
10.09 % |
-10.44 % |
-13.21 % |
Receivable Turnover Ratio (TTM) |
5.32 |
5.32 |
5.34 |
5.34 |
5.48 |
ZBH's Total
Ranking |
# 2630 |
# 2526 |
# 2391 |
# 2547 |
# 1253 |
Average receivable collection period |
69 |
69 |
68 |
68 |
67 |
Seq. Receivable Change |
-1.95 % |
-0.98 % |
-0.04 % |
8.06 % |
-0.28 % |
Seq. Revenue Change |
-6.2 % |
2.11 % |
0.32 % |
9.3 % |
-6.29 % |
Receivable
Turnover Ratio Statistics |
High |
Average |
Low |
6.49 |
5.7 |
4.99 |
(Mar 31 2020) |
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(Jun 30 2017) |
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Date modified: 2023-11-08T18:47:34+00:00
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