Thryv Holdings Inc (THRY)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 | 1,421,370 |
| Property, plant and equipment | US$ in thousands | — | 42,334 | 50,938 | 98,246 | 140,558 |
| Fixed asset turnover | — | 28.40 | 21.86 | 11.29 | 10.11 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $916,961K ÷ $—K
= —
Fixed asset turnover measures how efficiently a company is generating revenue from its investment in fixed assets. Thryv Holdings Inc's fixed asset turnover has fluctuated over the past four years, with the highest ratio of 28.40 in 2022 and the lowest ratio of 12.46 in 2020.
In 2023, the fixed asset turnover decreased to 23.76 from the previous year. This could indicate that the company was less efficient in generating sales from its fixed assets compared to the prior year.
Overall, Thryv Holdings Inc has shown varying levels of efficiency in utilizing its fixed assets to generate revenue over the last four years. It is important for the company to continuously monitor and improve this ratio to ensure optimal utilization of its assets.