ZoomInfo Technologies Inc (ZI)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,213,600 | 1,190,000 | 1,050,400 | 695,600 | 392,000 |
| Receivables | US$ in thousands | 252,500 | 275,200 | 228,500 | 191,900 | 123,600 |
| Receivables turnover | 4.81 | 4.32 | 4.60 | 3.62 | 3.17 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,213,600K ÷ $252,500K
= 4.81
Based on the data provided, ZoomInfo Technologies Inc's receivables turnover has shown a consistent increasing trend over the past five years. The receivables turnover ratio has improved from 3.17 in December 31, 2020, to 4.81 in December 31, 2024.
A higher receivables turnover ratio indicates that ZoomInfo is collecting its accounts receivable more efficiently. This trend suggests that the company has been effective in managing its credit policies or improving its collections process, enabling it to convert its accounts receivable into cash more rapidly.
Overall, the increasing trend in ZoomInfo's receivables turnover ratio reflects positively on the company's liquidity and financial health, as it indicates a more efficient management of its receivables.
Peer comparison
Dec 31, 2024