ZoomInfo Technologies Inc. (GTM)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,214,300 | 1,239,500 | 1,098,000 | 747,200 | 476,200 |
| Receivables | US$ in thousands | 257,500 | 272,000 | 234,200 | 190,700 | 123,600 |
| Receivables turnover | 4.72 | 4.56 | 4.69 | 3.92 | 3.85 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,214,300K ÷ $257,500K
= 4.72
The receivables turnover ratio for ZoomInfo Technologies Inc. demonstrates a generally upward trend over the specified period, indicating incremental improvements in the company's efficiency in collecting accounts receivable.
At the end of 2020, the ratio stood at 3.85, reflecting the company's ability to collect receivables approximately 3.85 times during that fiscal year. This ratio experienced a slight increase in 2021 to 3.92, suggesting marginally more efficient collection processes.
In 2022, the ratio showed a more noticeable improvement, rising to 4.69, which indicates an enhanced capability to convert receivables into cash within a shorter period. This positive development persisted into 2023, with the ratio decreasing slightly to 4.56, but still maintaining a higher level than preceding years, signaling sustained collection efficiency.
By the end of 2024, the receivables turnover further increased to 4.72, surpassing the prior year's figure and reflecting a continued trend of improved receivables management and collection effectiveness. Overall, the incremental increases in the receivables turnover ratio over the observed years suggest that the company has been steadily enhancing its accounts receivable collection process, thereby potentially improving its cash flow position and operational efficiency.
Peer comparison
Dec 31, 2024