Current Assets
Income taxes receivable
Zimmer Biomet Holdings Income taxes receivable decreased by 15.4% to $198.40M in Q4 2022 compared to the prior quarter. Over 2 years (FY 2020 to FY 2022), Income taxes receivable shows relatively stable performance with a -2.5% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ4 2016
Last reportedQ4 2022Feb 24, 2023
How to read this metric
An increase may indicate overpayment of estimated taxes or the accrual of refundable credits, representing a potential source of near-term cash inflow.
Detailed definition
This represents the amount of income tax overpayments or refundable tax credits that the company expects to recover from...
Peer comparison
Common for large corporations that manage complex tax filings across multiple jurisdictions.
Metric ID:
income_taxes_receivableHistorical Data
4 periods
| Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|
| Value | $314.70M | $326.70M | $234.60M | $198.40M |
| QoQ Change | — | +3.8% | -28.2% | -15.4% |
| YoY Change | — | — | -25.5% | -39.3% |
Range$198.40M – $326.70M
Avg YoY Growth-32.4%
Median YoY Growth-32.4%
Current Streak2 quarters decline
Income taxes receivable at Other Companies
Frequently Asked Questions
- What is Zimmer Biomet Holdings's income taxes receivable?
- Zimmer Biomet Holdings (ZBH) reported income taxes receivable of $198.40M in Q4 2022.
- What is the long-term trend for Zimmer Biomet Holdings's income taxes receivable?
- Over 2 years (2020 to 2022), Zimmer Biomet Holdings's income taxes receivable has grown at a -2.5% compound annual growth rate (CAGR), from $208.80M to $198.40M.
- What does income taxes receivable mean?
- Tax refunds or credits owed to the company by government tax agencies.