Thryv Holdings Inc (THRY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 916,961 | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 |
| Property, plant and equipment | US$ in thousands | — | — | 42,334 | 50,938 | 98,246 |
| Fixed asset turnover | — | — | 28.40 | 21.86 | 11.29 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $916,961K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate revenue. Thryv Holdings Inc's fixed asset turnover has shown a significant improvement over the past five years, increasing from 11.29 in 2020 to 21.86 in 2021 and further to 28.40 in 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets.
The upward trend in fixed asset turnover suggests that Thryv Holdings Inc has been able to increase its revenue generation without a proportionate increase in its investment in fixed assets. This can be a positive sign of operational efficiency and management's ability to utilize existing assets effectively.
However, the lack of data for 2023 and 2024 makes it challenging to provide a complete analysis of the company's fixed asset turnover performance in recent years. More information would be needed to assess the consistency of this trend and the company's ability to sustain or improve its fixed asset turnover ratio over time.