ZoomInfo Technologies Inc. (GTM)

Working capital 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
Revenue (ttm) US$ in thousands 1,209,900 1,214,300 1,221,600 1,231,800 1,248,900 1,239,500 1,224,800 1,198,600 1,157,100 1,098,100 1,018,700 928,700 835,600 747,200 664,600 590,400 527,300 476,200 427,600 383,300
Total current assets US$ in thousands 410,100 451,000 390,700 659,600 740,200 864,300 855,100 944,700 905,100 832,000 663,200 578,800 617,200 545,700 408,700 530,000 485,500 454,200 421,400 372,700
Total current liabilities US$ in thousands 624,400 652,100 624,100 680,700 664,100 638,400 573,100 607,900 617,000 572,700 518,000 535,800 515,900 507,600 407,900 385,500 348,200 320,800 247,500 237,700
Working capital turnover — — — — 16.41 5.49 4.34 3.56 4.02 4.23 7.02 21.60 8.25 19.61 830.75 4.09 3.84 3.57 2.46 2.84

March 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,209,900K ÷ ($410,100K – $624,400K)
= —

The analysis of ZoomInfo Technologies Inc.'s working capital turnover ratio over the provided periods indicates significant fluctuations, with periods of both moderate efficiency and extraordinary volatility. Initially, the ratio hovered around 2.84 on June 30, 2020, gradually increasing to 4.09 by June 30, 2021, suggesting improved efficiency in utilizing working capital to generate sales. However, a dramatic spike occurred on September 30, 2021, with the ratio reaching an unprecedented 830.75. This extraordinary value likely reflects an anomaly, data error, or a significant change in the calculation methodology or balance sheet figures that warrants further investigation. Following this peak, the ratio declined markedly to 19.61 by the end of 2021, then further decreased to 8.25 by March 2022, before reaching a high of 21.60 in June 2022.

Subsequently, the ratio experienced a decline to 7.02 in September 2022 and further to 4.23 by the end of 2022, indicating a reduction in working capital efficiency or increased working capital relative to sales. The values remained relatively stable into early 2023, with slight fluctuations, and then decreased to 3.56 in June 2023 before rebounding to 4.34 in September 2023 and 5.49 in December 2023, demonstrating some recovery in efficiency.

The most notable change appears in the March 2024 figure, where the ratio surges to 16.41, suggesting a significant improvement in working capital utilization or a change in underlying metrics. Data beyond this point is not available or incomplete. Overall, the ratios depict an initial period of increasing efficiency, followed by extreme volatility and anomalies, and subsequent stabilization with periods of improvement. The extraordinary fluctuation in late 2021 and early 2024 signals possible extraordinary transactions or adjustments that should be investigated further for context and accuracy.