TechTarget Inc (TTGT)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		42.09	46.05	69.01	75.47	69.70	31.56	29.82	100.17	56.62	65.02	43.48	54.09	27.36	66.61	56.95	62.27	50.64	49.53	95.77	47.39
Number of days of payables	days	8.67	7.93	5.29	4.84	5.24	11.56	12.24	3.64	6.45	5.61	8.39	6.75	13.34	5.48	6.41	5.86	7.21	7.37	3.81	7.70

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 42.09
= 8.67

Techtarget Inc.'s number of days of payables has varied over the past eight quarters, ranging from a low of 11.40 days in Q1 2022 to a high of 38.16 days in Q3 2022. In the most recent quarter, Q4 2023, the company's number of days of payables stood at 26.64 days.

The trend in the number of days of payables indicates that the company's payment cycle has been fluctuating, with periods of shorter and longer payment terms to its suppliers. A shorter number of days of payables suggests that the company is paying its suppliers more quickly, while a longer number of days of payables indicates that the company is taking longer to settle its payables.

It is important to note that changes in the number of days of payables can impact the company's cash flow and working capital management. A longer payment cycle can provide the company with more flexibility in managing its cash flow, but it may also strain relationships with suppliers if payments are consistently delayed. On the other hand, a shorter payment cycle can improve relationships with suppliers but may put pressure on the company's cash reserves.

Overall, Techtarget Inc. should continue to monitor and optimize its number of days of payables to strike a balance between maintaining strong supplier relationships and managing its cash flow effectively.