ZoomInfo Technologies Inc (ZI)

Fixed asset 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
Revenue (ttm)	US$ in thousands	1,203,500	1,197,300	1,195,600	1,201,400	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	112,600	99,500	84,100	74,600	65,100	58,400	56,900	53,400	52,100	50,200	47,800	44,900	41,700	38,700	33,300	30,500
Fixed asset turnover		10.69	12.03	14.22	16.10	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, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,203,500K ÷ $112,600K
= 10.69

ZoomInfo Technologies Inc's fixed asset turnover ratio has shown a generally increasing trend from March 31, 2021, to March 31, 2023. During this period, the ratio has moved from 15.00 to 20.77, indicating that the company generated more revenue relative to its investment in fixed assets over time.

However, there was a slight decline in the fixed asset turnover ratio in the subsequent three quarters, decreasing to 18.28 by December 31, 2023. This reversal in trend may suggest a decrease in efficiency in utilizing fixed assets to generate revenue.

The fixed asset turnover ratio continued to decrease in the following four quarters, hitting a low of 10.69 by December 31, 2024. This significant decline may raise concerns about the company's ability to efficiently generate revenue from its fixed asset base during this period.

Overall, the fluctuation in ZoomInfo Technologies Inc's fixed asset turnover ratio indicates varying levels of efficiency in utilizing fixed assets to generate revenue over the analyzed period, with a notable decline in performance towards the end of 2023 and throughout 2024.