TechTarget, Inc. Common Stock (TTGT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 94,821 | 91,750 | 84,933 | 79,287 | 75,749 | 76,571 | 77,920 | 78,488 | 78,626 | 76,425 | 73,866 | 71,208 | 62,591 | 54,232 | 45,127 | 37,345 | 34,995 | 33,830 | 32,997 | 31,858 |
| Payables | US$ in thousands | 6,616 | 6,073 | 4,357 | 5,312 | 4,915 | 3,329 | 3,052 | 3,298 | 7 | 7,680 | 2,213 | 3,783 | 2,956 | 3,718 | 2,583 | 4,303 | 1,624 | 1,847 | 1,691 | 2,036 |
| 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $94,821K ÷ $6,616K
= 14.33
The payables turnover ratio for TechTarget, Inc. Common Stock has shown fluctuating trends over the periods from December 31, 2019, to September 30, 2024. The ratio indicates how efficiently the company manages its accounts payable by measuring how many times during a period the company pays off its average accounts payable amount.
The payables turnover ratio increased from December 31, 2019, to September 30, 2020, showing an improvement in the company's ability to pay off its suppliers more frequently. However, there was a significant drop in the ratio by December 31, 2020, indicating a potential elongation in payment terms or a temporary decrease in payment efficiency.
Subsequently, the payables turnover ratio saw fluctuating movements up to September 30, 2022, with peaks and troughs in between. The ratio spiked significantly on September 30, 2022, which may indicate irregularities in accounts payable management or potentially an anomaly in the financial data.
From December 31, 2022, to September 30, 2024, the payables turnover ratio remained relatively stable within a narrower range compared to the earlier periods. This stability could signify improvements in the company's accounts payable management processes or a more consistent approach to paying suppliers.
Overall, the trend in the payables turnover ratio for TechTarget, Inc. Common Stock suggests varying levels of efficiency in managing accounts payable over the specified periods, with some fluctuations and potential anomalies that may require further investigation for a comprehensive understanding of the company's financial management practices.
Peer comparison
Sep 30, 2024