ZoomInfo Technologies Inc (ZI)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		24.75	21.87	35.33	46.81
Number of days of payables	days	14.75	16.69	10.33	7.80

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.75
= 14.75

The number of days of payables for ZoomInfo Technologies Inc. has shown varying trends over the past five years.

In 2019, the company took approximately 53.70 days to pay its suppliers, which then decreased significantly to 37.28 days in 2020. This suggests that the company was able to manage its payables more efficiently in 2020 compared to the previous year.

However, in 2021, the number of days of payables increased to 57.23 days, indicating a possible slowdown in payment to suppliers. This trend continued in 2022, with the number of days of payables further increasing to 92.68 days. This substantial increase may signify a change in the company's payment policies or challenges in managing its payables effectively.

By the end of 2023, the number of days of payables decreased to 90.33 days, showing a slight improvement compared to the previous year but still remaining at a relatively high level.

Overall, the trend in ZoomInfo Technologies Inc.'s number of days of payables indicates some fluctuations and potential challenges in managing supplier payments efficiently over the past five years. It will be important for the company to closely monitor and optimize its payable management processes to ensure healthy working capital management.