TechTarget, Inc. Common Stock (TTGT)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.08 | 0.01 | 23.80 | 18.82 | 8.68 | |
| Number of days of payables | days | 36.21 | 25,511.58 | 15.34 | 19.39 | 42.06 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.08
= 36.21
The analysis of TechTarget, Inc. Common Stock's number of days of payables indicates a notable trend over the years. The company's payable days have decreased consistently from 42.06 days as of December 31, 2020, to 19.39 days as of December 31, 2021, and further to 15.34 days as of December 31, 2022. However, a significant anomaly is observed with a substantial increase to 25,511.58 days as of December 31, 2023, which could be due to data reporting errors or irregularities. Unfortunately, the data for December 31, 2024, is not available, denoted as "— days."
The decreasing trend in the number of days of payables typically suggests that the company is taking less time to pay its suppliers, which could indicate improved efficiency in managing its working capital. However, the anomaly in the 2023 data raises concerns about the accuracy and reliability of the information provided. Further investigation and clarification are necessary to understand the reasons behind this significant deviation in the number of days of payables.
Peer comparison
Dec 31, 2024