ZoomInfo Technologies Inc (ZI)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,190,000 | 1,050,400 | 695,600 | 392,000 |
| Total assets | US$ in thousands | 6,868,300 | 7,136,400 | 6,852,900 | 2,327,400 |
| Total asset turnover | 0.17 | 0.15 | 0.10 | 0.17 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,190,000K ÷ $6,868,300K
= 0.17
ZoomInfo Technologies Inc.'s total asset turnover has fluctuated over the past five years. The ratio peaked at 0.21 in 2019 before decreasing to 0.20 in 2020. Subsequently, there was a significant drop to 0.11 in 2021, reflecting a notable decrease in efficiency in utilizing its assets to generate revenue. However, there was a slight improvement in 2022 with a total asset turnover of 0.15. By the end of 2023, the ratio stood at 0.18, indicating a modest increase in asset turnover efficiency compared to the previous year. Overall, the company's ability to generate sales from its assets has varied, with room for improvement in optimizing asset utilization for revenue generation.
Peer comparison
Dec 31, 2023