Ziff Davis Inc (ZD)
Working capital turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,400,439 | 1,373,201 | 1,360,606 | 1,365,822 | 1,364,028 | 1,370,843 | 1,371,731 | 1,383,071 | 1,390,997 | 1,402,925 | 1,416,196 | 1,420,133 | 1,416,722 | 1,392,149 | 1,310,017 | 1,219,080 | 1,158,829 | 1,180,362 | 1,251,491 | 1,323,567 |
| Total current assets | US$ in thousands | 1,272,070 | 951,017 | 1,231,150 | 1,293,100 | 1,190,990 | 1,063,660 | 1,074,860 | 1,106,580 | 1,084,270 | 975,304 | 1,025,080 | 1,192,930 | 1,300,670 | 888,273 | 661,978 | 675,503 | 622,843 | 807,324 | 853,145 | 782,095 |
| Total current liabilities | US$ in thousands | 899,647 | 667,394 | 643,805 | 663,334 | 431,833 | 419,498 | 436,043 | 441,179 | 432,448 | 416,455 | 484,047 | 432,191 | 497,238 | 1,028,400 | 845,019 | 867,534 | 882,555 | 768,913 | 772,181 | 368,681 |
| Working capital turnover | 3.76 | 4.84 | 2.32 | 2.17 | 1.80 | 2.13 | 2.15 | 2.08 | 2.13 | 2.51 | 2.62 | 1.87 | 1.76 | — | — | — | — | 30.73 | 15.46 | 3.20 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,400,439K ÷ ($1,272,070K – $899,647K)
= 3.76
Taking into account the data provided for Ziff Davis Inc's working capital turnover over the period from March 31, 2020, to December 31, 2024, we can observe fluctuations in the efficiency with which the company utilizes its working capital.
The working capital turnover ratio measures how effectively a company utilizes its working capital to generate revenue. A higher ratio indicates a more efficient use of working capital.
Initially, in the first few quarters from March 31, 2020, to September 30, 2020, the working capital turnover ratio increased significantly from 3.20 to 30.73. This sharp rise could suggest an improvement in the company's ability to generate revenue utilizing its working capital efficiently.
However, the absence of data for the subsequent quarters until December 31, 2021, indicates a lack of available information during that period. It becomes challenging to analyze the company's performance during this time frame without the necessary data.
Moving forward, from December 31, 2021, to December 31, 2024, the working capital turnover ratio fluctuated within a range of 1.76 to 4.84. These fluctuations suggest varying levels of efficiency in utilizing working capital to generate revenue during these quarters.
Overall, the working capital turnover ratio for Ziff Davis Inc shows a mix of efficiency in utilizing working capital over the period analyzed. It is essential for the company to monitor and manage its working capital effectively to ensure optimal utilization for revenue generation.