ZoomInfo Technologies Inc (ZI)

Number of days of payables

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
Payables turnover 53.72 41.12 42.64 44.55 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 6.79 8.88 8.56 8.19 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, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 53.72
= 6.79

Based on the provided data, the number of days of payables for ZoomInfo Technologies Inc has shown some fluctuations over the reported periods. The company's payables turnover has ranged from a low of 6.79 days as of December 31, 2024, to a high of 20.67 days as of September 30, 2021. Overall, the trend in the number of days of payables indicates variability but generally remains relatively low, reflecting the company's efficient management of its accounts payables.

Specifically, the number of days of payables decreased notably from 20.67 days as of September 30, 2021, to 10.41 days as of June 30, 2023, suggesting that the company has been able to manage its payables more effectively during this period. The reduction in the number of days of payables typically indicates that the company is taking fewer days to pay off its suppliers, which can be a positive sign of strong working capital management.

As of December 31, 2024, the number of days of payables stood at 6.79 days, which is significantly lower compared to the previous periods. This may indicate that the company has optimized its payment processes further, allowing it to settle its payables in a more efficient and timely manner.

Overall, the trend in ZoomInfo Technologies Inc's number of days of payables reflects the company's ability to effectively manage its accounts payables and suggests a proactive approach to maintaining healthy working capital levels.