Thryv Holdings Inc (THRY)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 | 1,421,370 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $916,961K ÷ $—K
= —
Thryv Holdings Inc's receivables turnover has been showing a positive trend over the past four years, indicating an improvement in the company's ability to efficiently collect payments from customers. The receivables turnover ratio has increased from 3.63 in 2020 to 4.40 in 2023, reflecting a steady and consistent growth in the company's efficiency in converting its accounts receivable into cash.
A higher receivables turnover ratio implies that the company is collecting its receivables more quickly, which can be a positive sign of effective credit policies, strong customer relationships, and efficient collection practices. Thryv Holdings Inc's increasing receivables turnover ratios suggest that the company has been managing its accounts receivable effectively and optimizing its cash flow generation process over the years.
Overall, the upward trend in Thryv Holdings Inc's receivables turnover indicates a strengthening financial position and operational efficiency in managing its accounts receivable, which can positively impact the company's liquidity and profitability in the long run.