Thryv Holdings Inc (THRY)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 338,714 | 422,006 | 408,043 | 366,696 | 476,355 |
| Inventory | US$ in thousands | 34,493 | 25,092 | 22,418 | 26,172 | 28,036 |
| Inventory turnover | 9.82 | 16.82 | 18.20 | 14.01 | 16.99 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $338,714K ÷ $34,493K
= 9.82
As a financial analyst, I will calculate the inventory turnover for Thryv Holdings Inc based on the provided data. Inventory turnover is a critical ratio that measures how many times a company's inventory is sold and replaced over a specific period. The formula for inventory turnover is Average Inventory / Cost of Goods Sold.
To calculate the inventory turnover for Thryv Holdings Inc, we require the Average Inventory and Cost of Goods Sold figures for each year. Since the data for these specific values is not provided in the table, the inventory turnover ratio cannot be determined at this time.
It is essential to evaluate the inventory turnover ratio over multiple years to identify any trends or patterns in the company's inventory management efficiency. A high inventory turnover ratio generally indicates effective inventory management and faster sales, while a low ratio may suggest overstocking or slow-moving inventory.
Given the current lack of specific data, further analysis and additional information regarding Thryv Holdings Inc's inventory and cost of goods sold are necessary to calculate and interpret the inventory turnover ratio accurately.