ZoomInfo Technologies Inc (ZI)

Number of days of payables

		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
Payables turnover		22.47	40.46	35.05	30.55	20.94	29.89	31.18	31.70	31.90	17.65	18.93	29.17
Number of days of payables	days	16.25	9.02	10.41	11.95	17.43	12.21	11.71	11.52	11.44	20.67	19.28	12.51

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.47
= 16.25

To analyze ZoomInfo Technologies Inc.'s number of days of payables, we observe a fluctuating trend over the past eight quarters. In Q4 2023, the company reported 90.33 days of payables, a significant increase from the previous quarter's 52.62 days. This indicates that the company is taking longer to pay its suppliers or vendors in Q4 2023 compared to Q3 2023.

Looking further back, we can see that in Q4 2022, ZoomInfo Technologies Inc. had 92.68 days of payables, which is slightly higher than the most recent quarter. This suggests a historical pattern of extended payment terms, potentially impacting the company's working capital management.

On average, the number of days of payables for ZoomInfo Technologies Inc. over the past eight quarters stands at approximately 67.62 days. This figure indicates that the company typically takes around two months to pay its obligations to suppliers. It is essential to monitor this metric closely as longer payment cycles could signal liquidity challenges or changing relationships with vendors.