ZoomInfo Technologies Inc (ZI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,024,600 | 851,400 | 778,700 | 561,800 | 402,600 |
| Inventory | US$ in thousands | — | 21,600 | -22,700 | -700 | 15,900 |
| Inventory turnover | — | 39.42 | — | — | 25.32 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,024,600K ÷ $—K
= —
The inventory turnover ratio for ZoomInfo Technologies Inc has shown variability over the years. As of December 31, 2020, the inventory turnover was 25.32 times, indicating that the company sold and replaced its inventory approximately 25 times during that period. However, the ratio is not available for December 31, 2021 and December 31, 2022.
Subsequently, on December 31, 2023, the inventory turnover ratio increased significantly to 39.42 times, suggesting that the company improved its inventory management efficiency by selling and restocking inventory more frequently.
Looking ahead, it would be important to monitor the inventory turnover ratio for upcoming fiscal years to assess the company's ongoing ability to effectively manage its inventory levels and sales operations. The increase in the inventory turnover ratio from 2020 to 2023 is a positive sign, indicating potential operational improvements within the company.
Peer comparison
Dec 31, 2024