Thryv Holdings Inc (THRY)
Days of inventory on hand (DOH)
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Inventory turnover | 9.82 | 16.82 | 18.20 | 14.01 | 16.99 | |
DOH | days | 37.17 | 21.70 | 20.05 | 26.05 | 21.48 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.82
= 37.17
Days of Inventory on Hand (DOH) is a crucial financial ratio that indicates the average number of days a company holds inventory before it is sold. However, without the specific values for each year provided in the table, it is challenging to conduct a comprehensive analysis of Thryv Holdings Inc's DOH trend over the past four years.
To properly evaluate the company's inventory management efficiency and potential liquidity issues, it is crucial to compare the DOH ratio to industry benchmarks and historical trends. A decreasing trend in DOH may suggest improved inventory turnover and efficient management of inventory levels. On the other hand, an increasing trend in DOH could indicate excessive inventory holdings, potential obsolescence risks, or difficulties in selling products.
Without the specific data for each year, further analysis of Thryv Holdings Inc's DOH is required to provide valuable insights for investors, stakeholders, and management regarding the company's operational performance and effectiveness in managing its inventory.