Thryv Holdings Inc (THRY)
Total asset turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,421,374 |
| Total assets | US$ in thousands | 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 | 1,388,290 |
| Total asset turnover | 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 | 1.02 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $873,723K ÷ $654,753K
= 1.33
Thryv Holdings Inc's total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is utilizing its assets effectively to generate revenue.
From the data provided, Thryv Holdings Inc's total asset turnover fluctuated over the past five years, ranging from 0.69 to 1.33. The trend shows some variability, with peak levels observed in September 2024 (1.33) and December 2019 (1.02), while the lowest turnover was recorded in March 2021 (0.69).
Overall, the company's total asset turnover ratio has shown some improvement over the years, indicating enhanced asset utilization efficiency. However, the fluctuations suggest that Thryv Holdings Inc may need to focus on consistently optimizing its assets to generate higher sales revenue in the future. Further analysis of the company's operational efficiency and asset management practices may be beneficial to sustain and improve its total asset turnover ratio in the long term.