Thryv Holdings Inc (THRY)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 824,156 | 873,723 | 877,693 | 905,030 | 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 |
| Total assets | US$ in thousands | 712,165 | 654,753 | 785,483 | 786,835 | 783,170 | 1,040,380 | 1,101,230 | 1,172,270 | 1,177,880 | 1,289,880 | 1,320,330 | 1,369,720 | 1,300,500 | 1,377,490 | 1,412,140 | 1,544,480 | 1,214,980 | 1,214,050 | 1,300,720 | 1,353,800 |
| Total asset turnover | 1.16 | 1.33 | 1.12 | 1.15 | 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 | 0.98 | 1.00 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $824,156K ÷ $712,165K
= 1.16
Thryv Holdings Inc's total asset turnover ratio has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the company's efficiency in generating sales relative to its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.
The trend in Thryv Holdings Inc's total asset turnover ratio shows a decline from 1.00 on March 31, 2020, to 0.69 on March 31, 2021, which may suggest that the company's sales relative to its total assets decreased during this period. However, there is a subsequent improvement in the ratio, with values gradually increasing from 0.75 on June 30, 2021, to 1.16 on December 31, 2024. This upward trend indicates that the company has been able to enhance its efficiency in utilizing its assets to drive revenue generation.
Overall, Thryv Holdings Inc's total asset turnover ratio has showcased variability but appears to have strengthened in recent periods. It is important for the company to continue monitoring and optimizing its asset utilization to sustain and potentially further enhance its operational efficiency and profitability.