Thryv Holdings Inc (THRY)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 0.00 | 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 |
September 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Thryv Holdings Inc's cash conversion cycle has shown variability over the past several quarters. The cash conversion cycle represents the time it takes for a company to convert its investment in inventory and other resources into cash flows from sales. A shorter cash conversion cycle indicates that the company is efficient in managing its working capital.
In the most recent quarter as of September 30, 2024, the company reported a cash conversion cycle of 0.00 days, suggesting a highly efficient working capital management, possibly due to effective inventory and accounts receivable management.
Looking back at the historical trend, Thryv Holdings Inc's cash conversion cycle was relatively longer in the previous quarters of December 31, 2023, and September 30, 2023, with 37.17 days and 38.12 days, respectively. This indicates that the company was taking longer to convert its investments into cash during those periods.
In contrast, the company demonstrated significantly shorter cash conversion cycles in the quarters of December 31, 2022, and March 31, 2022, with 21.70 days and 20.05 days, respectively, suggesting more efficient working capital management during those periods.
Analyzing the overall trend, it appears that Thryv Holdings Inc has made efforts to improve its cash conversion cycle over the quarters, with intermittent fluctuations. This improvement could be attributed to various factors, such as effective inventory management, faster collection of receivables, or optimized payment cycles.
Going forward, monitoring and maintaining a low and stable cash conversion cycle will be essential for Thryv Holdings Inc to sustain efficient working capital management and ensure healthy cash flows from its operations.