TechTarget, Inc. Common Stock (TTGT)
Days of sales outstanding (DSO)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 3.60 | 5.86 | 4.93 | 5.16 | 3.69 | |
| DSO | days | 101.26 | 62.28 | 74.06 | 70.80 | 98.85 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 3.60
= 101.26
TechTarget Inc.'s Days of Sales Outstanding (DSO) is a measure of how long it takes the company to collect payment from its customers after making a sale. A lower DSO indicates that the company is able to convert its sales into cash more quickly.
From the data provided:
- As of December 31, 2020, the DSO was 98.85 days, signifying that it took the company nearly 99 days on average to collect payment from customers.
- By December 31, 2021, the DSO improved to 70.80 days, indicating a more efficient collection process.
- The trend continued with the DSO dropping to 74.06 days by December 31, 2022.
- Subsequently, as of December 31, 2023, the DSO decreased further to 62.28 days, reflecting continued improvement in the company's collection efforts.
However, no data is available for December 31, 2024, which may indicate a lack of reported information for that period or a break in the trend. This absence of data could hinder a comprehensive analysis for that year.
Overall, the decreasing trend in DSO over the years suggests improved efficiency in collecting receivables and better cash flow management for TechTarget, Inc.
Peer comparison
Dec 31, 2024