ZoomInfo Technologies Inc (ZI)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,213,600 | 1,190,000 | 1,050,400 | 695,600 | 392,000 |
| Property, plant and equipment | US$ in thousands | 112,600 | 65,100 | 52,100 | 41,700 | 31,000 |
| Fixed asset turnover | 10.78 | 18.28 | 20.16 | 16.68 | 12.65 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,213,600K ÷ $112,600K
= 10.78
ZoomInfo Technologies Inc's fixed asset turnover has shown a generally increasing trend over the past five years. The ratio has improved from 12.65 in December 31, 2020, to 16.68 as of December 31, 2021. This indicates that the company generated $16.68 in revenue for every dollar invested in fixed assets in 2021.
In 2022, the fixed asset turnover ratio continued to rise to 20.16, signaling an even more efficient utilization of its fixed assets to generate sales. However, there was a slight dip in the ratio in 2023 to 18.28, which may suggest a modest decrease in efficiency in that year compared to the preceding year.
By the end of December 31, 2024, the fixed asset turnover ratio dropped to 10.78. This considerable decrease could indicate a potential decrease in sales generated by the company's fixed assets or an increase in the book value of fixed assets that outpaced revenue growth.
Overall, while ZoomInfo Technologies Inc has seen fluctuations in its fixed asset turnover ratio over the years, it has generally demonstrated effective utilization of its fixed assets to generate revenue during this period. Further analysis of the underlying factors contributing to these fluctuations would provide more insights into the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024