Thryv Holdings Inc (THRY)
Working capital 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 current assets | US$ in thousands | 210,720 | 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 |
| Total current liabilities | US$ in thousands | 196,260 | 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 |
| Working capital turnover | 57.00 | 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $824,156K ÷ ($210,720K – $196,260K)
= 57.00
Thryv Holdings Inc's working capital turnover has shown fluctuations over the period under review. The ratio was relatively stable from March 2020 to June 2021, ranging between 6.24 and 19.00, indicating the company was efficiently utilizing its working capital to generate revenue.
However, a significant spike was observed in September 2021, reaching 15.78, followed by a further increase to 17.53 in December 2021. This suggests the company experienced a notable improvement in its working capital efficiency during these periods.
Subsequently, there was a decline in the working capital turnover ratio in the following quarters, dropping to 11.14 by June 2022 and then recovering to 15.45 by December 2022. The ratio decreased again to 12.41 in March 2023 before increasing to 24.84 in September 2023, indicating fluctuations in the company's working capital management.
Notably, the working capital turnover ratio experienced a substantial surge to 249.31 in December 2023, signaling a sharp increase in working capital efficiency. However, this spike was an outlier, as the ratio decreased significantly to 44.78 by March 2024 and further to 44.51 by June 2024.
The ratio then experienced another sharp increase to 97.19 by September 2024 before decreasing to 57.00 by December 2024. Overall, the working capital turnover ratio for Thryv Holdings Inc has shown notable fluctuations, indicating varying levels of efficiency in utilizing its working capital to generate revenue during the period under consideration.