Thryv Holdings Inc (THRY)
Total asset 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 |
| Total assets | US$ in thousands | 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 | — | 1,353,800 | 1,388,290 | 1,237,050 | 1,307,300 | 1,688,670 |
| 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 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $916,961K ÷ $783,170K
= 1.17
Thryv Holdings Inc's total asset turnover has exhibited fluctuations over the quarters. The total asset turnover ratio measures the company's ability to generate sales from its assets.
In Q4 2023, the total asset turnover ratio was 1.17, indicating an increase in efficiency compared to the previous quarter. This suggests that the company was able to generate $1.17 in sales for every $1 of assets owned during that period.
Looking back at the trend observed over the past few quarters, we can see that the total asset turnover ratio has been volatile, ranging from a low of 0.83 in Q1 2022 to a high of 1.17 in Q4 2023. Overall, the trend seems to have improved since Q1 2022, with the ratio generally trending upwards, but with fluctuations along the way.
It is important to note that a higher total asset turnover ratio generally indicates better efficiency in utilizing assets to generate sales. However, the fluctuations in Thryv Holdings Inc's ratio may suggest varying levels of operational efficiency and effectiveness in managing its assets to drive sales. Further analysis and comparison with industry peers may provide more insights into the company's performance in this aspect.