Thryv Holdings Inc (THRY)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Thryv Holdings Inc's Days Sales Outstanding (DSO) has shown a declining trend over the past four years, indicating a positive development in the company's receivables management efficiency. The DSO decreased from 100.61 days at the end of 2020 to 83.03 days at the end of 2023. This suggests that the company has been able to collect its accounts receivable quicker over this period.
A lower DSO value implies that the company is collecting its outstanding sales revenues more rapidly, which can have a positive impact on the company's cash flow and liquidity. It also indicates improved credit control and more efficient management of the company's receivables.
Overall, the decreasing trend in Thryv Holdings Inc's DSO reflects effective management of accounts receivable and a potential strengthening of the company's financial position. This trend is favorable for the company's operations and financial health.