TechTarget Inc (TTGT)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 42.92 | 71.10 | 57.80 | 27.36 | 50.64 | |
| Number of days of payables | days | 8.51 | 5.13 | 6.31 | 13.34 | 7.21 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 42.92
= 8.51
Techtarget Inc.'s number of days of payables has fluctuated over the past five years. In 2023, the company took approximately 26.64 days to pay its outstanding payables, indicating a slight increase compared to the previous year. This could suggest a potential lag in settling its payables obligations.
Compared to 2022, where the number of days of payables was 15.89 days, the increase in 2023 may raise concerns about the company's liquidity management or potential changes in its payment terms with suppliers.
Looking back further, in 2021, the number of days of payables stood at 20.26 days, showing a similar trend of increasing payables days compared to 2023. However, in 2020, the number of days of payables surged to 42.06 days, indicating a significant delay in paying off outstanding obligations.
In 2019, the number of days of payables was 23.33 days, reflecting a shorter period compared to 2023. The fluctuation in the number of days of payables over the years may indicate varying financial strategies or operational adjustments within Techtarget Inc. It is essential for stakeholders to monitor this metric closely to assess the company's efficiency in managing its payables and overall financial health.
Peer comparison
Dec 31, 2023