ZoomInfo Technologies Inc (ZI)

Total asset turnover

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Revenue (ttm)	US$ in thousands	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	6,868,300	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	2,327,400	2,048,500	1,919,300
Total asset turnover		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, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,190,000K ÷ $6,868,300K
= 0.17

Total asset turnover measures how efficiently a company generates revenue from its assets. ZoomInfo Technologies Inc.'s total asset turnover has been showing a positive trend, increasing from 0.12 in Q1 2022 to 0.18 in Q4 2023. This suggests that the company has been able to generate more revenue for each dollar of assets employed over time.

The consistent improvement in total asset turnover indicates that ZoomInfo is utilizing its assets more efficiently to generate sales. This could be due to effective management of resources, increased productivity, or better asset utilization strategies. A higher total asset turnover ratio is generally considered favorable as it indicates better operational efficiency and financial performance.

Overall, the increasing trend in ZoomInfo's total asset turnover ratio reflects the company's ability to maximize the revenue generation potential of its assets, which could be a positive indicator for investors and stakeholders.