Thryv Holdings Inc (THRY)

Inventory 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
Cost of revenue (ttm) US$ in thousands 299,803 312,110 327,950 338,714 362,724 387,557 402,234 422,006 414,652 413,808 420,402 408,043 402,689 385,869 383,867 385,327 390,545 418,739 436,129 476,249
Inventory US$ in thousands — 0 0 34,493 37,886 29,318 39,580 25,092 28,253 32,463 43,112 22,418 33,084 36,370 36,277 26,172 30,024 0 32,780 28,036
Inventory turnover — — — 9.82 9.57 13.22 10.16 16.82 14.68 12.75 9.75 18.20 12.17 10.61 10.58 14.72 13.01 — 13.30 16.99

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $299,803K ÷ $—K
= —

Thryv Holdings Inc's inventory turnover ratio has exhibited fluctuations over the periods presented. The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times during a specific period it sells and replaces its inventory. A higher turnover ratio typically indicates that the company is effectively selling its inventory and not overstocked.

Looking at the data provided, Thryv Holdings Inc's inventory turnover ratio ranged from as low as 9.57 to as high as 18.20. In the most recent period, the ratio stood at 9.82, indicating that the company turned over its inventory approximately 9.82 times during the period.

The trend in the inventory turnover ratio shows variability, with some periods demonstrating higher turnover rates compared to others. For example, the ratio spiked to 18.20 in the December 31, 2021 period, indicating a significant improvement in inventory management efficiency during that time. However, there were also periods, like June 30, 2023, where the ratio dropped to 13.22, suggesting a slight slowdown in inventory turnover efficiency.

Overall, Thryv Holdings Inc's inventory turnover ratio performance suggests that the company has been effectively managing its inventory, with some periods showing improved efficiency in inventory turnover. It is important for the company to monitor this ratio consistently to ensure optimal inventory management practices.