Thryv Holdings Inc (THRY)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -259,295 | 54,348 | 101,577 | 149,221 | 35,504 |
| Total assets | US$ in thousands | 783,170 | 1,177,880 | 1,300,500 | 1,214,980 | 1,388,290 |
| ROA | -33.11% | 4.61% | 7.81% | 12.28% | 2.56% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-259,295K ÷ $783,170K
= -33.11%
Thryv Holdings Inc's return on assets (ROA) has shown a downward trend from 12.28% in 2020 to -33.11% in 2023. This indicates a significant decrease in the company's ability to generate profits relative to its total assets over the years. The negative ROA in 2023 signals that the company's assets were not effectively utilized to generate profits, potentially reflecting operational inefficiencies or financial challenges. It is essential for Thryv Holdings Inc to address the declining ROA trend by improving asset management and operational efficiency to enhance overall profitability in the future.