Thryv Holdings Inc (THRY)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | 9.82 | 16.82 | 18.20 | 14.01 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 249.31 | 249.31 | 15.45 | 17.53 | 6.84 |
Thryv Holdings Inc's inventory turnover has displayed fluctuating trends over the past five years, with a significant decrease from 18.20 in 2021 to 9.82 in 2023, followed by a slight increase to 14.01 in 2020. This indicates that the company is managing its inventory less efficiently in 2023 compared to previous years.
The receivables turnover, payables turnover, and working capital turnover ratios are not provided in the table, indicating that the data is unavailable or not applicable for those specific metrics.
The working capital turnover ratio, on the other hand, has shown an increasing trend over the same period, with a substantial rise from 6.84 in 2020 to 249.31 in 2023 and 2024. This suggests that Thryv Holdings Inc has been able to generate more revenue per dollar of working capital employed in the business, reflecting improved operational efficiency and potentially better management of working capital resources.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 37.17 | 21.70 | 20.05 | 26.05 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Days of inventory on hand (DOH) measures how efficiently a company manages its inventory by indicating the number of days the current inventory will last. Thryv Holdings Inc's DOH has fluctuated over the past five years, increasing from 20.05 days in 2021 to 37.17 days in 2024. This suggests that the company may be carrying more inventory relative to its sales, which could tie up working capital.
Days of sales outstanding (DSO) represents the average number of days it takes for the company to collect payment after making a sale. Unfortunately, the data provided does not include information on DSO for Thryv Holdings Inc, so it is not possible to analyze the company's efficiency in collecting accounts receivable.
Number of days of payables indicates the average number of days it takes for the company to pay its suppliers. Similar to DSO, the data is not available for Thryv Holdings Inc, preventing an assessment of how effectively the company manages its accounts payables.
Overall, while the DOH ratio for Thryv Holdings Inc has shown significant variation over the years, the lack of data on DSO and number of days of payables limits a comprehensive analysis of the company's activity ratios.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 28.40 | 21.86 | 11.29 |
| Total asset turnover | 1.17 | 1.17 | 1.02 | 0.86 | 0.91 |
Thryv Holdings Inc's long-term activity ratios provide insight into how efficiently the company is utilizing its assets to generate revenue over a period of time.
Firstly, the fixed asset turnover ratio measures how effectively the company is utilizing its fixed assets to generate sales. The trend shows an improvement in the efficiency of utilizing fixed assets over the years, with significant increases from 2020 to 2022, and then a further increase to 28.40 in 2022. This indicates that the company is generating more revenue per dollar of fixed assets invested, which is a positive sign of operational efficiency.
Secondly, the total asset turnover ratio reflects the company's overall efficiency in utilizing all its assets to generate sales. The trend indicates that the company has been able to generate more revenue relative to its total assets over the years. The ratio has consistently been above 1, suggesting that Thryv Holdings Inc is generating more sales relative to its total assets. This points to efficient asset utilization and effective management of resources.
Overall, the long-term activity ratios of Thryv Holdings Inc showcase an improvement in asset turnover efficiency over the years, particularly in utilizing both fixed and total assets to generate sales. This indicates positive operational performance and effective asset management strategies within the company.