ZoomInfo Technologies Inc (ZI)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,190,000 | 1,050,400 | 695,600 | 392,000 |
| Property, plant and equipment | US$ in thousands | 65,100 | 52,100 | 41,700 | 31,000 |
| Fixed asset turnover | 18.28 | 20.16 | 16.68 | 12.65 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,190,000K ÷ $65,100K
= 18.28
ZoomInfo Technologies Inc.'s fixed asset turnover has shown a consistent upward trend over the past five years, indicating improved efficiency in generating revenue from its investment in fixed assets. The company's fixed asset turnover ratio increased from 14.36 in 2019 to 19.04 in 2023, reaching its peak at 21.07 in 2022. This suggests that ZoomInfo has been effectively utilizing its fixed assets to generate sales, reflecting operational efficiency and potentially effective asset management. The higher the fixed asset turnover ratio, the better the company is utilizing its fixed assets to generate sales, which can be seen as a positive indicator of operational performance.
Peer comparison
Dec 31, 2023