ZoomInfo Technologies Inc (ZI)

Fixed asset turnover

		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	1,190,000	1,176,200	1,150,300	1,109,100	1,050,400	970,200	876,100	784,600	695,600	616,400	548,200	457,400
Property, plant and equipment	US$ in thousands	65,100	58,400	56,900	53,400	52,100	50,200	47,800	44,900	41,700	38,700	33,300	30,500	31,000	28,400	27,100
Fixed asset turnover		18.28	20.14	20.22	20.77	20.16	19.33	18.33	17.47	16.68	15.93	16.46	15.00

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,190,000K ÷ $65,100K
= 18.28

ZoomInfo Technologies Inc.'s fixed asset turnover has been fairly stable over the past 8 quarters, ranging from a low of 18.61 in Q1 2022 to a high of 21.67 in Q1 2023. This indicates that the company is effectively generating revenue from its investment in fixed assets. A high fixed asset turnover ratio suggests that ZoomInfo is efficiently utilizing its fixed assets to generate sales. This trend is positive and indicates that the company is effectively managing and utilizing its fixed assets to drive revenue and growth.