Thryv Holdings Inc (THRY)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -259,295 | -52,199 | -11,873 | 30,151 | 54,348 | 109,881 | 132,225 | 98,582 | 101,577 | 206,289 | 170,520 | 157,625 | 149,221 | 23,129 | 44,667 | 57,519 | 35,504 | 72,141 | 70,431 | 56,208 |
| Total assets | US$ in thousands | 783,170 | 1,040,380 | 1,101,230 | 1,172,270 | 1,177,880 | 1,289,880 | 1,320,330 | 1,369,720 | 1,300,500 | 1,377,490 | 1,412,140 | 1,544,480 | 1,214,980 | 1,214,050 | — | 1,353,800 | 1,388,290 | 1,237,050 | 1,307,300 | 1,688,670 |
| ROA | -33.11% | -5.02% | -1.08% | 2.57% | 4.61% | 8.52% | 10.01% | 7.20% | 7.81% | 14.98% | 12.08% | 10.21% | 12.28% | 1.91% | — | 4.25% | 2.56% | 5.83% | 5.39% | 3.33% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-259,295K ÷ $783,170K
= -33.11%
Thryv Holdings Inc's return on assets (ROA) has shown a declining trend over the past eight quarters. The ROA was negative in Q4 2023 and Q3 2023, indicating that the company had a net loss relative to its total assets in those periods. This suggests that the company was not effectively utilizing its assets to generate profits during these quarters.
In the preceding quarters, Q1 2023 and Q2 2023, the ROA remained relatively low at 2.57% and -1.08% respectively. These figures indicate that the company's profitability in relation to its assets was weak during these periods. The declining trend in ROA from Q1 2023 to Q4 2023 suggests potential challenges in efficiently generating earnings from the assets employed by the company.
Comparing to previous periods, notably in Q1 2022 and Q2 2022 where the ROA was at its highest at 10.01% and 7.20% respectively, Thryv Holdings Inc exhibited a stronger ability to generate returns from its assets. However, the decreasing trend in ROA from Q1 2022 to Q4 2023 highlights a potential deterioration in the company's ability to generate profits relative to its total assets over the specified timeframe.
Overall, the negative and declining ROA figures for Thryv Holdings Inc indicate potential inefficiencies in asset utilization and profitability challenges that may require further analysis and strategic interventions to enhance the company's financial performance.