Thryv Holdings Inc (THRY)
Number of days of payables
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
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| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —
Thryv Holdings Inc's number of days of payables has shown fluctuations in recent quarters. In Q4 2023, the company had 11.15 days of payables, marking an increase from the previous quarter's 8.19 days. This suggests that the company took longer to pay its suppliers relative to the previous quarter.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there has been a notable improvement as the number of days of payables decreased from 16.41 days to 11.15 days. This signifies a more efficient management of payables during this period.
Analyzing the trend over multiple quarters, we observe that Thryv Holdings Inc's number of days of payables has experienced variability, with some quarters showing significant fluctuations. For instance, there was a spike in Q4 2022 compared to Q3 2022, which was followed by a substantial decrease in Q1 2023.
Overall, closer monitoring of the company's payables management practices may be warranted to identify any underlying reasons for these fluctuations and ensure optimal working capital management.