Thryv Holdings Inc (THRY)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 9.82 | 9.57 | 13.22 | 10.16 | 16.82 | 14.68 | 12.75 | 9.75 | 18.20 | 12.17 | 10.61 | 10.58 | 14.72 | 13.01 | — | 13.30 | 16.99 | |
| DOH | days | — | — | — | 37.17 | 38.12 | 27.61 | 35.92 | 21.70 | 24.87 | 28.63 | 37.43 | 20.05 | 29.99 | 34.40 | 34.49 | 24.79 | 28.06 | — | 27.43 | 21.49 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Thryv Holdings Inc's days of inventory on hand (DOH) provides insight into how efficiently the company manages its inventory levels. A lower DOH indicates that the company is selling its inventory quickly and not holding excess stock, which can tie up capital.
Looking at the historical trend, we see some fluctuation in Thryv Holdings Inc's DOH over the past few quarters. The DOH was consistently around 20-30 days from Q3 2020 to Q2 2022, indicating a relatively efficient inventory management during that period. However, there was a noticeable increase in DOH in Q4 2022 to 37.17 days, suggesting a potential buildup of inventory or slower sales.
The DOH decreased in Q1 2023 but remained on the higher side compared to the previous quarters. This trend continued until Q2 2023 when the DOH dropped to 27.61 days, indicating improvement in managing inventory levels. However, it increased again in Q3 2023 to 38.12 days, signaling a potential inefficiency in inventory management.
In Q4 2023, the DOH decreased to 37.17 days, implying a more efficient use of inventory. This downward trend continued into Q1 2024 and Q2 2024 with further reductions in DOH, which is a positive sign. However, without the data for the most recent quarters, it is challenging to determine the current state of Thryv Holdings Inc's inventory management.
Overall, fluctuations in Thryv Holdings Inc's DOH indicate varying levels of efficiency in managing its inventory. Analyzing the DOH in conjunction with other financial ratios and industry benchmarks can provide a more comprehensive picture of the company's overall operational performance.