TechTarget, Inc. Common Stock (TTGT)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 5.60 | 5.26 | 6.09 | 5.86 | 5.67 | 5.22 | 5.58 | 4.93 | 4,941.79 | 4.88 | 5.46 | 5.16 | 5.10 | 5.01 | 4.52 | 3.69 | 5.67 | 5.32 | 5.75 | 4.94 | |
| DSO | days | 65.22 | 69.40 | 59.96 | 62.28 | 64.39 | 69.97 | 65.47 | 74.06 | 0.07 | 74.76 | 66.82 | 70.80 | 71.52 | 72.91 | 80.74 | 98.85 | 64.32 | 68.66 | 63.49 | 73.85 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.60
= 65.22
TechTarget, Inc. Common Stock's days of sales outstanding (DSO) metric over the past few quarters shows fluctuations but overall stability in collecting sales revenue. The DSO was 73.85 days as of December 31, 2019, decreasing to 63.49 days by March 31, 2020. It then increased to 98.85 days by December 31, 2020, indicating a delay in collecting outstanding sales.
However, the company improved its collection efficiency with the DSO decreasing to 59.96 days by March 31, 2024, the most recent data available. This downward trend suggests that TechTarget has become more effective in converting its sales into cash over a shorter period.
It is worth noting that the DSO dropped significantly to 0.07 days on September 30, 2022, which may be an anomaly possibly due to reporting or calculation errors. Overall, a lower DSO indicates better liquidity and efficient accounts receivable management for TechTarget, Inc. Common Stock.
Peer comparison
Sep 30, 2024