Thryv Holdings Inc (THRY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 152,700 | 397,096 | 404,326 | 395,053 | 382,267 | 421,926 | 411,614 | 356,441 | 314,715 | 304,445 | 269,703 | 229,196 | 196,775 | 36,855 | — | 33,892 | 27,260 | -119,679 | -142,931 | 270,694 |
| ROE | -169.81% | -13.15% | -2.94% | 7.63% | 14.22% | 26.04% | 32.12% | 27.66% | 32.28% | 67.76% | 63.23% | 68.77% | 75.83% | 62.76% | — | 169.71% | 130.24% | — | — | 20.76% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-259,295K ÷ $152,700K
= -169.81%
Thryv Holdings Inc's return on equity (ROE) has shown significant fluctuations over the past eight quarters. The ROE was negative in Q4 2023 at -169.81%, indicating that the company's net income was insufficient to cover its shareholders' equity. This was a sharp decline from the previous quarter's ROE of -13.15%.
The trend of declining ROE continued in Q2 2023 and Q1 2023, with -2.94% and 7.63% respectively. These figures suggest that the company's ability to generate profits from shareholders' equity was weakening during these periods. However, the ROE was positive in Q4 2022, Q3 2022, and Q2 2022, indicating that the company was able to generate returns for its shareholders during those quarters.
The highest ROE was recorded in Q2 2022 at 32.12%, followed by 27.66% in Q1 2022. These figures suggest that the company was more efficient in utilizing its shareholders' equity to generate profits during these periods.
Overall, the fluctuating pattern of Thryv Holdings Inc's ROE indicates potential inconsistencies in the company's profitability and efficiency in utilizing shareholders' equity. Further analysis of the company's financial performance and operational strategies may be warranted to better understand the drivers behind these fluctuations.