ZoomInfo Technologies Inc (ZI)
Working capital 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 |
| Total current assets | US$ in thousands | 451,000 | 864,300 | 832,000 | 545,700 | 439,500 |
| Total current liabilities | US$ in thousands | 652,100 | 638,400 | 572,700 | 507,600 | 320,800 |
| Working capital turnover | — | 5.27 | 4.05 | 18.26 | 3.30 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,213,600K ÷ ($451,000K – $652,100K)
= —
The working capital turnover ratio for ZoomInfo Technologies Inc has shown fluctuations over the years. In 2020, the ratio was 3.30, indicating that the company was able to turn its working capital over 3.30 times during that year. The ratio significantly increased to 18.26 in 2021, suggesting a substantial improvement in the efficiency of working capital management. However, in 2022, the ratio decreased to 4.05, indicating a decline in the efficiency of utilizing working capital.
In 2023, the ratio slightly increased to 5.27, reflecting a slight improvement but remaining below the peak in 2021. Notably, there is no data available for 2024. Overall, the trend in working capital turnover for ZoomInfo Technologies Inc shows variability, with periods of notable improvement followed by declines. Further analysis would be needed to understand the factors driving these changes and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024