Thryv Holdings Inc (THRY)
Working capital 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 current assets | US$ in thousands | 230,938 | 247,824 | 259,911 | 266,868 | 274,572 | 309,399 | 388,631 | 378,316 | 387,093 | 399,906 | 428,915 | 370,645 | 391,251 | 400,107 | 463,640 | 369,698 | 424,248 | 477,441 | 476,426 | 478,569 |
| Total current liabilities | US$ in thousands | 221,948 | 228,104 | 239,699 | 263,190 | 235,914 | 237,939 | 296,830 | 300,492 | 295,886 | 293,581 | 342,539 | 307,134 | 320,528 | 344,372 | 346,168 | 207,400 | 249,690 | 282,057 | 260,078 | 257,441 |
| Working capital turnover | 97.19 | 44.51 | 44.78 | 249.31 | 24.84 | 14.79 | 12.41 | 15.45 | 12.80 | 11.14 | 13.21 | 17.53 | 15.78 | 19.00 | 9.12 | 6.84 | 6.62 | 6.52 | 6.24 | 6.43 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $873,723K ÷ ($230,938K – $221,948K)
= 97.19
Thryv Holdings Inc's working capital turnover has fluctuated over the periods provided, ranging from 6.24 to 249.31. The working capital turnover measures how efficiently a company utilizes its working capital to generate sales, with higher ratios indicating better efficiency.
The significant decrease in working capital turnover from 249.31 in December 2023 to 24.84 in September 2023 may suggest a less efficient utilization of working capital during this period. However, this ratio improved to 97.19 in September 2024, indicating a positive trend towards better efficiency in using working capital to generate revenue.
Overall, Thryv Holdings Inc's working capital turnover has shown variability over the analyzed periods, with potential fluctuations in the company's operational efficiency and effectiveness in managing its working capital to support its business activities. Further analysis of the underlying reasons for these fluctuations would provide deeper insights into the company's financial performance and liquidity management.