Thryv Holdings Inc (THRY)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -259,295 | -259,295 | 54,348 | 101,577 | 149,221 |
| Total assets | US$ in thousands | 783,170 | 783,170 | 1,177,880 | 1,300,500 | 1,214,980 |
| ROA | -33.11% | -33.11% | 4.61% | 7.81% | 12.28% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-259,295K ÷ $783,170K
= -33.11%
Thryv Holdings Inc's return on assets (ROA) has been declining over the past five years. In 2020, the ROA was at its highest point, standing at 12.28%, indicating that the company generated $0.1228 in net income for every $1 of assets. However, this ratio has been consistently decreasing since then.
In 2021, the ROA dropped to 7.81%, reflecting a reduction in the company's ability to generate profit from its assets. The trend continued in 2022 with an ROA of 4.61%, signifying further deterioration in asset efficiency.
The most recent data for 2023 and 2024 shows a negative ROA of -33.11%, indicating that the company is experiencing significant losses relative to its asset base. This sharp decline may suggest inefficiencies in asset utilization, decreased profitability, or other financial challenges within the company.
Overall, Thryv Holdings Inc's declining ROA trend raises concerns about its asset management and profitability levels, warranting a closer examination of its operational performance and strategic direction to improve its financial health.