Thryv Holdings Inc (THRY)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 37.17 | 21.70 | 20.05 | 26.05 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 37.17 | 21.70 | 20.05 | 26.05 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle for Thryv Holdings Inc has seen fluctuations over the past five years.
In 2020, the company's cash conversion cycle was 26.05 days, indicating that it took approximately 26 days for Thryv to convert its investments in inventory into cash inflows. However, the cycle improved in 2021, decreasing to 20.05 days, suggesting a more efficient management of cash flows and inventory.
In 2022, there was a slight increase in the cash conversion cycle to 21.70 days, but the company still maintained a relatively efficient cycle. However, in 2023, the cycle increased significantly to 37.17 days, which may indicate potential issues with managing working capital and converting sales into cash.
Finally, in 2024, the cash conversion cycle improved significantly to 0.00 days. This suggests that Thryv Holdings Inc may have implemented more effective strategies to manage its cash flows, inventory, and accounts receivable, resulting in a faster conversion of investments into cash inflows.
Overall, Thryv Holdings Inc has shown variations in its cash conversion cycle over the years, with improvements in some years and setbacks in others. It is important for the company to consistently monitor and manage its cash conversion cycle to ensure optimal liquidity and operational efficiency.