ZoomInfo Technologies Inc (ZI)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 61.72 | 24.75 | 21.87 | 35.33 | 46.81 | |
| Number of days of payables | days | 5.91 | 14.75 | 16.69 | 10.33 | 7.80 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 61.72
= 5.91
The number of days of payables for ZoomInfo Technologies Inc has shown fluctuations over the years. In December 2020, the company took approximately 7.80 days to pay its suppliers on average, which increased to 10.33 days by December 2021. This indicates a slight extension in the payment period.
However, by December 2022, the number of days of payables substantially increased to 16.69 days, suggesting that the company was taking longer to settle its outstanding payables. In the following year, by December 2023, there was a slight decrease to 14.75 days, but it remains higher than the previous year.
Surprisingly, by December 2024, the number of days of payables significantly decreased to 5.91 days, indicating that ZoomInfo Technologies Inc was able to manage its payables more efficiently and reduced the average time taken to pay its suppliers.
Overall, the trend in the number of days of payables for ZoomInfo Technologies Inc shows some fluctuations, with a notable increase in 2022 followed by a sharp decrease in 2024. This metric is important as it reflects the company's ability to manage its working capital effectively and its relationships with its suppliers.
Peer comparison
Dec 31, 2024