Thryv Holdings Inc (THRY)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 916,961 | 960,166 | 1,056,994 | 1,139,568 | 1,202,388 | 1,167,459 | 1,184,099 | 1,141,151 | 1,113,382 | 1,115,871 | 1,058,906 | 1,071,471 | 1,109,435 | 1,154,858 | 1,274,299 | 1,349,703 | 1,421,374 | 1,552,602 | 1,642,262 | 1,724,221 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $916,961K ÷ $—K
= —
Thryv Holdings Inc's receivables turnover has shown a consistent upward trend over the past eight quarters, indicating the company's ability to efficiently collect payments from its customers. The receivables turnover ratio measures how many times a company collects its average accounts receivable balance during a specific period.
With the latest reported figure of 4.40 in Q4 2023, the company's receivables turnover ratio has improved compared to the previous quarter and has been steadily increasing since Q1 2022. This suggests that Thryv Holdings Inc is becoming more effective in managing its accounts receivable and converting them into cash at a faster rate.
The average receivables turnover ratio for the past eight quarters is 4.03, indicating that Thryv Holdings Inc generally collects its accounts receivable approximately four times a year. A higher receivables turnover ratio is generally seen as a positive sign, as it indicates that the company is quickly converting its credit sales into cash, reducing the risk of bad debts and improving liquidity.
Overall, the improving trend in Thryv Holdings Inc's receivables turnover ratio over the past few quarters reflects positively on the company's efficiency in managing its accounts receivable and highlights its strong cash flow management practices.