Thryv Holdings Inc (THRY)

Thryv Holdings Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the past five years. In 2024, the DOH was not available for comparison. However, in 2023, the company held inventory for an average of 37.17 days, a significant increase from the previous year. The increase in inventory days could indicate slower inventory turnover or potential issues with managing inventory levels efficiently.

In 2022, the DOH decreased to 21.70 days, which suggests that the company managed its inventory more effectively, reducing the number of days it takes to sell its inventory. This improvement in inventory management continued in 2021, with a further decrease to 20.05 days, indicating a positive trend in efficiently managing inventory levels.

However, in 2020, the DOH increased to 26.05 days, suggesting a slight deterioration in inventory turnover efficiency compared to the previous year. It's important for Thryv Holdings Inc to monitor its inventory levels closely and strive to strike a balance between having enough inventory to meet demand without holding excess inventory that ties up capital.

Overall, Thryv Holdings Inc should focus on continuously optimizing its inventory management practices to ensure efficient inventory turnover and maintain a healthy balance between carrying too much or too little inventory.