TechTarget, Inc. Common Stock (TTGT)
Number of days of payables
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 19.51 | 15.65 | |
| Number of days of payables | days | 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 | 18.71 | 23.33 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.33
= 25.47
Based on the data provided for TechTarget, Inc. Common Stock, the number of days of payables has shown fluctuations over the periods presented. The number of days of payables represents how long, on average, the company takes to pay its suppliers or vendors.
From December 31, 2019, to September 30, 2020, the number of days of payables decreased steadily from 23.33 days to 16.94 days, indicating the company was taking fewer days to pay its suppliers during this period. However, there was a significant increase observed by December 31, 2020, with the number of days of payables soaring to 42.06 days.
Subsequently, there was a decrease in the number of days of payables in the following quarters, stabilizing around 15 to 25 days up to June 30, 2024. Notably, there was a sharp decline to 0.03 days on September 30, 2022, suggesting the company may have improved its payables management significantly during that quarter.
Overall, the trend in the number of days of payables for TechTarget, Inc. Common Stock shows variability, with periods of both increases and decreases, indicating changes in the company's payment practices and relationships with suppliers.
Peer comparison
Sep 30, 2024