ZoomInfo Technologies Inc (ZI)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	851,400	778,700	561,800	402,600
Payables	US$ in thousands	34,400	35,600	15,900	8,600
Payables turnover		24.75	21.87	35.33	46.81

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $851,400K ÷ $34,400K
= 24.75

ZoomInfo Technologies Inc.'s payables turnover has shown fluctuations over the past five years. The payables turnover ratio decreased from 9.79 in 2020 to 6.80 in 2019, indicating a slower rate of paying off its accounts payables. However, in 2021, the ratio substantially increased to 6.38, suggesting the company improved its efficiency in paying off its obligations. This trend continued in 2022 with a payables turnover of 3.94, indicating a slower rate of paying off its payables compared to the previous year.

In 2023, the payables turnover ratio further increased to 4.04, signaling that the company is managing its payables more effectively compared to the previous year. Overall, the payables turnover ratios suggest that ZoomInfo Technologies Inc. has been able to effectively manage its accounts payables in recent years, although there have been fluctuations in the rate at which it pays off its obligations.