ZoomInfo Technologies Inc (ZI)

Working capital 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 current assets	US$ in thousands	864,300	855,100	944,700	905,100	832,000	663,200	578,800	617,200	545,700	408,700	530,000	485,500	439,500	421,400	372,700
Total current liabilities	US$ in thousands	638,400	573,100	607,900	617,000	572,700	518,000	535,800	515,900	507,600	407,900	385,500	348,200	320,800	247,500	237,700
Working capital turnover		5.27	4.17	3.42	3.85	4.05	6.68	20.37	7.75	18.26	770.50	3.79	3.33

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,190,000K ÷ ($864,300K – $638,400K)
= 5.27

ZoomInfo Technologies Inc.'s working capital turnover has shown fluctuations over the past eight quarters. The ratio, which measures the efficiency of a company in generating revenue from its working capital, ranged from a low of 3.56 in Q2 2023 to a high of 21.60 in Q2 2022. A higher working capital turnover indicates that the company is effectively managing its working capital to support its operations and generate revenue.

The significant decrease in Q2 2023 compared to the high in Q2 2022 may suggest potential inefficiencies in working capital management during that period. However, it is important to note that working capital turnover can be influenced by various factors such as seasonality, business cycles, and strategic decisions.

Overall, ZoomInfo Technologies Inc. should continue to monitor its working capital turnover ratio to ensure efficient utilization of its working capital resources and sustainable revenue generation.