ZoomInfo Technologies Inc. (GTM)

Payables turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Cost of revenue (ttm)	US$ in thousands	199,200	200,600	197,400	194,900	186,700	183,500	182,700	186,100	189,900	188,400	179,600	169,300	152,600	136,700	122,900	111,700	115,200	107,500	99,400	90,500
Payables	US$ in thousands	17,100	16,600	21,100	20,300	18,000	34,400	20,300	22,900	25,900	35,600	22,000	19,900	17,400	15,900	24,900	20,700	13,800	8,600	9,700	9,900
Payables turnover		11.65	12.08	9.36	9.60	10.37	5.33	9.00	8.13	7.33	5.29	8.16	8.51	8.77	8.60	4.94	5.40	8.35	12.50	10.25	9.14

March 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $199,200K ÷ $17,100K
= 11.65

The payables turnover ratio for ZoomInfo Technologies Inc. exhibits notable fluctuations over the observed period, reflecting variations in the company's management of trade payables relative to its cost of goods sold or operating expenses.

Initially, the ratio increased from approximately 9.14 times as of June 30, 2020, to a peak of 12.50 times by December 31, 2020, indicating an improvement in the efficiency of settling supplier invoices, possibly due to strengthening supplier relationships or better payment terms management. However, this upward trend was short-lived, as the ratio declined sharply to 5.40 times by June 30, 2021, suggesting a slowdown in payments or alterations in payment policies.

Subsequently, the ratio experienced fluctuations between 4.94 and 8.60 times from September 2021 through the end of 2022, with periods of both increase and decrease, reflecting ongoing variability in payment cycles or supplier credit terms. Notably, at the end of 2022, the ratio decreased to 5.29, which may imply extended payment periods or reduced purchasing activity.

In 2023, the ratio showed signs of recovery, climbing to 7.33 in March and 8.13 in June, then reaching 9.00 by September before decreasing again to 5.33 at the year's close. However, a further upward movement occurred into early 2024, with the ratio reaching 10.37 in March, indicating a renewed tendency toward faster payments or higher transactions managed over shorter periods.

The most recent data points demonstrate that the ratio remains variable, with a slight decline observed in June 2024 to 9.60, followed by a minor decrease to 9.36 in September, and then a significant increase to 12.08 by December 2024. Early 2025 data shows a ratio of 11.65, portraying an overall trend of increased payables turnover compared to earlier periods.

In summary, the payables turnover ratio for ZoomInfo Technologies Inc. has experienced periods of both acceleration and deceleration, suggesting shifting management strategies concerning payment practices. The fluctuations reflect dynamic operational or strategic adjustments, which may involve negotiations with suppliers, cash flow considerations, or changes in the business cycle. The recent upward trend indicates a capacity or preference for settling payables more quickly, but the ongoing variability underscores the importance of continuous monitoring for comprehensive liquidity and operational efficiency assessments.