TechTarget, Inc. Common Stock (TTGT)

Number of days of payables

Jun 30, 2025 Mar 31, 2025 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
Payables turnover 15.23 10.88 14.33 15.11 19.49 14.93 15.41 23.00 25.53 23.80 11,232.29 9.95 33.38 18.82 21.17 14.59 17.47 8.68 21.55 18.32
Number of days of payables days 23.97 33.54 25.47 24.16 18.72 24.45 23.68 15.87 14.30 15.34 0.03 36.68 10.94 19.39 17.24 25.02 20.89 42.06 16.94 19.93

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.23
= 23.97

The analysis of TechTarget, Inc. Common Stock's number of days payable reveals notable fluctuations over the analyzed periods. Initially, there was a moderate payable period of approximately 19.93 days as of June 30, 2020, which decreased to 16.94 days by September 30, 2020. A significant increase was observed by December 31, 2020, reaching 42.06 days, indicating an extension in payment terms or delays in accounts payable during that quarter.

Throughout 2021, the payable days fluctuated, with values such as 20.89 days at the end of March, 25.02 days in June, 17.24 days in September, and settling around 19.39 days in December. This variability suggests adjustments in payment strategies or changes in supplier payment terms.

The first quarter of 2022 saw a decrease to 10.94 days, implying prompt payments during that period, followed by a substantial rise to 36.68 days in June 2022. Notably, the payable days sharply declined to an extremely low 0.03 days in September 2022, which may reflect an abnormality or reporting anomaly. Subsequently, the period increased again, with 15.34 days in December 2022, and remained relatively stable through 2023, with values around 14.30 to 25.47 days, showing no consistent trend but stable cash management practices.

Most recently, for the periods ending March 2024, June 2024, September 2024, and December 2024, the payable days are approximately 18.72, 24.16, 25.47, and 24.45 days respectively, displaying a slight upward trend. This trend continues into 2025, with the number of payable days increasing to 33.54 days in March and slightly decreasing to 23.97 days by June 2025.

Overall, the data reveal periods of both acceleration and delay in accounts payable, influenced potentially by operational, strategic, or external economic factors. The recent upward trend in payable days may suggest extended credit terms with suppliers or strategic delaying of payments, possibly to manage cash flow amid changing market conditions.


Peer comparison

Jun 30, 2025

Company name
Symbol
Number of days of payables
TechTarget, Inc. Common Stock
TTGT
23.97
Ziff Davis Inc
ZD
299.46