ZoomInfo Technologies Inc (ZI)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	1,203,500	1,197,300	1,195,600	1,201,400	1,190,000	1,176,200	1,150,300	1,109,100	1,050,400	970,200	876,100	784,600	695,600	616,400	548,200	457,400
Total assets	US$ in thousands	6,467,600	6,394,900	6,683,500	6,753,900	6,868,300	7,070,900	7,192,200	7,165,100	7,136,400	7,059,200	7,008,500	6,924,200	6,852,900	6,608,100	2,823,300	2,547,000
Total asset turnover		0.19	0.19	0.18	0.18	0.17	0.17	0.16	0.15	0.15	0.14	0.13	0.11	0.10	0.09	0.19	0.18

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,203,500K ÷ $6,467,600K
= 0.19

ZoomInfo Technologies Inc's total asset turnover has been relatively stable over the period provided, ranging from 0.09 to 0.19. The total asset turnover ratio measures the company's ability to generate sales revenue in relation to its total assets. A higher total asset turnover ratio indicates more efficient utilization of assets to generate revenue.

In this case, the total asset turnover gradually increased from 0.18 in March 2021 to 0.19 in December 2024, suggesting an improved efficiency in utilizing assets to generate sales. However, it is worth noting that the ratio fluctuated within a narrow range and did not experience significant changes. This may indicate a consistent level of asset utilization efficiency by ZoomInfo Technologies Inc over the period analyzed.

Overall, the stable and consistent total asset turnover ratio suggests that ZoomInfo Technologies Inc has been effectively utilizing its assets to generate sales revenue throughout the period provided.