Thryv Holdings Inc (THRY)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 824,156 | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 |
| Total current assets | US$ in thousands | 210,720 | 266,868 | 378,316 | 370,645 | 369,698 |
| Total current liabilities | US$ in thousands | 196,260 | 263,190 | 300,492 | 307,134 | 207,400 |
| Working capital turnover | 57.00 | 249.31 | 15.45 | 17.53 | 6.84 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $824,156K ÷ ($210,720K – $196,260K)
= 57.00
The working capital turnover ratio for Thryv Holdings Inc has fluctuated over the past five years, ranging from 6.84 in 2020 to 249.31 in 2021 and 2022, and then remaining constant at 249.31 in 2023 and 2024. A higher working capital turnover ratio indicates that the company is efficient in utilizing its working capital to generate revenue. The significant increase from 2020 to 2021 suggests improved efficiency in managing working capital during that period. However, the consistency of the ratio at 249.31 for the last two years may indicate a stable and sustainable level of working capital efficiency. It is essential for the company to maintain this efficiency to support its operations and growth prospects over the long term.