TechTarget, Inc. Common Stock (TTGT)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 226,314 | 224,970 | 224,485 | 229,963 | 245,706 | 265,990 | 286,437 | 297,488 | 301,449 | 293,788 | 278,623 | 263,427 | 232,352 | 198,845 | 169,930 | 148,377 | 138,346 | 135,911 | 135,401 | 133,957 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 42,716 | — | 42,546 | 42,937 | 42,423 | 42,375 | 42,059 | 39,093 | 38,744 | 40,365 | 39,692 | 37,867 | 38,436 | 38,482 | 38,756 |
| Fixed asset turnover | — | — | — | — | — | 6.23 | — | 6.99 | 7.02 | 6.93 | 6.58 | 6.26 | 5.94 | 5.13 | 4.21 | 3.74 | 3.65 | 3.54 | 3.52 | 3.46 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $226,314K ÷ $—K
= —
The fixed asset turnover ratio for TechTarget, Inc. Common Stock has shown a consistent growth trend over the past few years, indicating improved efficiency in the utilization of fixed assets. The ratio increased from 3.46 at the end of December 2019 to 7.02 at the end of September 2022, peaking at 7.02, showcasing a significant enhancement in how efficiently the company generated revenues from its fixed assets during this period.
However, there was a slight dip in the fixed asset turnover ratio to 6.99 by the end of December 2022 and further to 6.23 by the end of June 2023, which could indicate a potential decrease in the effectiveness of utilizing fixed assets to generate sales during these periods.
The absence of data for the period from March 2023 onwards suggests that there may have been changes in reporting or data availability that could have impacted the continuity of the analysis.
Overall, the trend of increasing fixed asset turnover ratio from 2019 to 2022 followed by a slight decline in 2022 and 2023 highlights TechTarget's efficiency in generating sales from its fixed assets but also indicates the need for monitoring and potentially optimizing asset utilization in the future to sustain or improve this efficiency.
Peer comparison
Sep 30, 2024