Thryv Holdings Inc (THRY)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 537,483 | 574,571 | 600,832 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $338,714K ÷ $—K
= —
Thryv Holdings Inc's payables turnover ratio has displayed significant fluctuations over the past eight quarters. The ratio, which measures how efficiently the company is managing its accounts payable, peaked at 52.79 in Q2 2023, indicating that the company converted its accounts payable into purchases or cash nearly 53 times during that period. This could suggest that Thryv Holdings Inc was effectively managing its payable obligations during that quarter.
However, the payables turnover ratio decreased to 32.73 in Q4 2023, reflecting a notable decline in the efficiency of managing payables compared to the previous quarter. This decrease could be attributed to various factors such as changes in the company's payment terms, supplier relationships, or internal operational issues affecting the accounts payable process.
It is also noteworthy that there have been fluctuations in the payables turnover ratio in previous quarters, with peaks and troughs observed in different periods. For instance, the ratio was relatively low at 22.24 in Q4 2022 but then increased to 50.13 in Q2 2022 before fluctuating again in subsequent quarters.
Overall, the fluctuating trend in Thryv Holdings Inc's payables turnover ratio indicates varying levels of efficiency in managing its accounts payable over the past eight quarters. Further analysis and comparison with industry benchmarks or historical performance may provide additional insights into the company's payment practices and operational dynamics.