TechTarget Inc (TTGT)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 227,968 | 234,481 | 218,675 | 117,728 | 103,111 |
| Inventory | US$ in thousands | — | 0 | — | — | 0 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $227,968K ÷ $—K
= —
To calculate the inventory turnover ratio for Techtarget Inc., we need to utilize the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
However, without the specific figures for Cost of Goods Sold and Inventory for the respective years, it is not possible to compute the inventory turnover ratio. The inventory turnover ratio is a key financial metric that provides insight into how efficiently a company manages its inventory by measuring the number of times inventory is sold and replaced over a certain period.
In order to analyze Techtarget Inc.'s inventory turnover effectively, it is essential to obtain the necessary financial data for multiple years to track trends and assess the company's inventory management efficiency over time.
Peer comparison
Dec 31, 2023