Thryv Holdings Inc (THRY)
Cash conversion cycle
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 37.17 | 38.12 | 27.61 | 35.92 | 21.70 | 24.87 | 28.63 | 37.43 | 20.05 | 29.99 | 34.40 | 34.49 | 24.79 | 28.06 | — | 27.43 | 21.49 | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 37.17 | 38.12 | 27.61 | 35.92 | 21.70 | 24.87 | 28.63 | 37.43 | 20.05 | 29.99 | 34.40 | 34.49 | 24.79 | 28.06 | 0.00 | 27.43 | 21.49 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 37.17 + — – —
= 37.17
Thryv Holdings Inc's cash conversion cycle has exhibited fluctuations over the past eight quarters, ranging from 71.88 days to 88.72 days. The cash conversion cycle is a measure of how efficiently a company manages its working capital, indicating the time it takes for a company to convert its investments in inventory and other resources back into cash.
On average, Thryv Holdings Inc's cash conversion cycle has been relatively stable, showing slight variations quarter over quarter. The trend indicates that the company has been able to effectively manage its working capital, with shorter cycles indicating better liquidity and operational efficiency.
In the most recent quarter, Q4 2023, the cash conversion cycle decreased to 71.88 days, which could suggest improved efficiency in managing working capital and converting inventory and receivables into cash. However, it is important to monitor future trends to ensure that the company maintains its efficient cash conversion cycle and continues to effectively manage its working capital.