Thryv Holdings Inc (THRY)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 249.31 | 24.84 | 14.79 | 12.41 | 15.45 | 12.80 | 11.14 | 13.21 | 17.53 | 15.78 | 19.00 | 9.12 | 6.84 | 6.62 | 6.52 | 6.24 | 6.43 | 22.28 | 21.55 | 4.25 |
The activity ratios for Thryv Holdings Inc indicate the efficiency of the company in managing its operational assets and liabilities.
1. Receivables Turnover: The receivables turnover ratio measures how efficiently the company collects outstanding credit sales from its customers. Thryv Holdings Inc has shown a consistent improvement in this ratio over the past few quarters, indicating that the company is collecting its accounts receivable more quickly.
2. Payables Turnover: The payables turnover ratio measures how efficiently the company pays its suppliers. Thryv Holdings Inc has shown some fluctuations in this ratio, with a significant increase in Q3 2023 compared to the previous quarters. A higher payables turnover ratio may indicate that the company is taking longer to pay its suppliers.
3. Working Capital Turnover: The working capital turnover ratio measures how efficiently the company utilizes its working capital to generate sales. Thryv Holdings Inc has shown a significant increase in this ratio in Q4 2023, indicating a substantial improvement in the company's ability to generate sales relative to its working capital.
Overall, the activity ratios suggest that Thryv Holdings Inc has been able to improve its efficiency in managing its receivables and working capital, but the company may need to focus on maintaining a more consistent payables turnover ratio to ensure optimal cash flow management.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 37.17 | 38.12 | 27.61 | 35.92 | 21.70 | 24.87 | 28.63 | 37.43 | 20.05 | 29.99 | 34.40 | 34.49 | 24.79 | 28.06 | — | 27.43 | 21.49 | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Thryv Holdings Inc's activity ratios provide insight into how efficiently the company is managing its inventory, receivables, and payables.
1. Days of Inventory on Hand (DOH): The company did not provide data for this ratio across all the quarters mentioned. DOH helps in assessing how quickly a company is able to sell through its inventory stock. Without this information, it is not possible to evaluate Thryv Holdings Inc's inventory management efficiency.
2. Days of Sales Outstanding (DSO): Thryv Holdings Inc's DSO has ranged from 82.84 days to 102.67 days over the past eight quarters. A decreasing trend in DSO indicates that the company is collecting receivables faster, while an increasing trend may signify potential issues with credit policies or customer payment behavior. Thryv Holdings Inc's DSO has been relatively stable, hovering around the 85-95 days mark, suggesting consistent management of receivables.
3. Number of Days of Payables: Thryv Holdings Inc's payables turnover period has fluctuated between 6.91 days and 16.41 days, indicating changes in the company's payment practices. A shorter period suggests that the company is paying its suppliers more quickly, while a longer period may indicate an extended credit period or potential cash flow constraints. Thryv Holdings Inc has shown variability in its payables turnover, with some quarters exhibiting shorter payment periods compared to others.
Overall, by analyzing these activity ratios, we can infer that Thryv Holdings Inc has maintained a relatively stable performance in managing its receivables and payables over the quarters, although further information on its inventory management would provide a more comprehensive assessment of its overall activity efficiency.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 27.41 | 29.90 | 28.40 | 27.70 | 26.27 | 22.84 | 21.86 | 15.88 | 13.88 | 8.69 | 11.29 | 10.85 | 11.35 | 9.81 | 10.11 | 15.73 | — | — |
| Total asset turnover | 1.17 | 0.92 | 0.96 | 0.97 | 1.02 | 0.91 | 0.90 | 0.83 | 0.86 | 0.81 | 0.75 | 0.69 | 0.91 | 0.95 | — | 1.00 | 1.02 | 1.26 | 1.26 | 1.02 |
Thryv Holdings Inc's fixed asset turnover ratio has been consistently high, with values ranging from 22.84 to 29.90 over the past eight quarters, indicating the company efficiently utilizes its fixed assets to generate sales. The increasing trend in fixed asset turnover suggests improved efficiency in utilizing its long-term assets to generate revenue.
In contrast, the total asset turnover ratio fluctuates between 0.83 and 1.17, reflecting a less stable trend compared to the fixed asset turnover ratio. This may indicate fluctuations in the company's ability to generate sales relative to its total assets.
Overall, Thryv Holdings Inc appears to be effectively managing its fixed assets in generating revenue, whereas its overall ability to generate sales relative to its total assets shows some variability over the quarters.