Thryv Holdings Inc (THRY)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 338,714 | 338,714 | 422,006 | 408,043 | 366,696 |
| Inventory | US$ in thousands | — | 34,493 | 25,092 | 22,418 | 26,172 |
| Inventory turnover | — | 9.82 | 16.82 | 18.20 | 14.01 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $338,714K ÷ $—K
= —
The inventory turnover for Thryv Holdings Inc has exhibited fluctuations over the past five years, ranging from 14.01 in 2020 to 18.20 in 2021, then declining to 16.82 in 2022, and subsequently not available for 2023 and 2024. A higher inventory turnover ratio indicates that the company is selling its inventory more efficiently, with goods being sold and replaced more frequently within a given period. On the other hand, a lower inventory turnover ratio may suggest overstocking or slower sales of goods. The absence of inventory turnover data for 2023 and 2024 limits the ability to assess the recent trend in managing inventory levels. Further analysis of the company's inventory management practices and sales performance is recommended to better understand the implications of these turnover ratios on Thryv Holdings Inc's operational efficiency and financial performance.