Thryv Holdings Inc (THRY)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 916,961 | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 |
| Total assets | US$ in thousands | 783,170 | 783,170 | 1,177,880 | 1,300,500 | 1,214,980 |
| Total asset turnover | 1.17 | 1.17 | 1.02 | 0.86 | 0.91 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $916,961K ÷ $783,170K
= 1.17
Thryv Holdings Inc's total asset turnover has been relatively stable over the past five years, ranging from 0.86 to 1.17. This ratio indicates the efficiency with which the company generates sales revenue from its total assets.
In 2024 and 2023, the total asset turnover remained constant at 1.17, suggesting that the company maintained a consistent level of efficiency in utilizing its assets to generate revenue during these years. This stability may indicate a strong operational performance and effective asset management.
In 2022, the total asset turnover slightly decreased to 1.02, potentially signaling a decrease in the efficiency of asset utilization or a slowdown in revenue generation relative to the previous years. This could be a red flag that warrants further investigation into the company's operational strategies.
The total asset turnover was lowest in 2021 at 0.86, which may imply that the company struggled to efficiently convert its assets into sales during that year. This could be a reflection of operational challenges, underperformance, or inefficient resource allocation.
In 2020, the total asset turnover improved to 0.91, indicating a better utilization of assets compared to the previous year. However, this ratio still suggests room for improvement in leveraging assets to drive revenue growth.
Overall, while the total asset turnover of Thryv Holdings Inc has varied over the years, it is crucial for investors and analysts to closely monitor this ratio to assess the company's efficiency in generating sales from its asset base and to evaluate its operational performance.