TechTarget, Inc. Common Stock (TTGT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 284,897 | 229,963 | 297,488 | 263,427 | 148,376 |
| Property, plant and equipment | US$ in thousands | — | — | 42,546 | 42,059 | 39,692 |
| Fixed asset turnover | — | — | 6.99 | 6.26 | 3.74 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $284,897K ÷ $—K
= —
TechTarget, Inc. Common Stock has shown a positive trend in its fixed asset turnover ratio over the years. The ratio has increased from 3.74 in December 31, 2020, to 6.99 in December 31, 2022. This indicates that the company generated $6.99 in revenue for each dollar invested in fixed assets in 2022, highlighting an efficient utilization of its fixed assets to generate sales. However, the data is incomplete for 2023 and 2024, so it is unclear how the ratio evolved in those years. Overall, the increasing trend in fixed asset turnover suggests an improvement in the company's operational efficiency and asset utilization over the years analyzed.
Peer comparison
Dec 31, 2024