Thryv Holdings Inc (THRY)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 873,723 | 877,693 | 905,030 | 916,961 | 960,166 | 1,056,994 | 1,139,568 | 1,202,388 | 1,167,459 | 1,184,099 | 1,141,151 | 1,113,382 | 1,115,871 | 1,058,906 | 1,071,471 | 1,109,435 | 1,154,858 | 1,274,299 | 1,349,703 | 1,421,374 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 38,569 | 38,115 | 42,334 | 42,144 | 45,078 | 49,965 | 50,938 | 70,269 | 76,315 | 123,281 | 98,246 | 106,444 | 112,266 | 137,522 | 140,558 |
| Fixed asset turnover | — | — | — | — | — | 27.41 | 29.90 | 28.40 | 27.70 | 26.27 | 22.84 | 21.86 | 15.88 | 13.88 | 8.69 | 11.29 | 10.85 | 11.35 | 9.81 | 10.11 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $873,723K ÷ $—K
= —
The fixed asset turnover ratio for Thryv Holdings Inc has shown fluctuations over the past few years. The ratio increased from 8.69 in March 2021 to 29.90 in June 2023, indicating a significant improvement in how efficiently the company's fixed assets were utilized to generate sales. However, the ratio dropped to 21.86 in June 2022 before gradually increasing to 29.90 in June 2023.
The ratio then slightly declined to 27.41 in September 2023, but it has generally remained above 20, signifying a consistent level of efficiency in generating sales revenue from the company's fixed assets. This indicates that Thryv Holdings Inc has been effectively utilizing its fixed assets to drive revenue and create value for shareholders.
Overall, the trend in the fixed asset turnover ratio suggests that Thryv Holdings Inc has been able to efficiently manage and utilize its fixed assets to support its sales growth and operational activities over the analyzed period.