Thryv Holdings Inc (THRY)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $338,714K ÷ $—K
= —
Thryv Holdings Inc's payables turnover has exhibited fluctuations over the past four years. In 2023, the payables turnover ratio increased to 32.73 compared to 22.24 in 2022, indicating that the company took approximately 32.73 days to pay off its accounts payable during the year. This significant improvement suggests a more efficient management of payables relative to the previous year.
In 2021, the payables turnover ratio dropped to 47.39 from 41.08 in 2020. This decrease implies that the company took longer to settle its accounts payable in 2021 compared to 2020. It might indicate potential challenges in managing payables efficiently during that period.
Overall, the trend in Thryv Holdings Inc's payables turnover demonstrates variability in the efficiency of managing accounts payable over the analyzed period. Continued monitoring of this ratio will be crucial to assess the company's ability to effectively manage its payables in the future.