TechTarget, Inc. Common Stock (TTGT)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.60 | 5.26 | 6.09 | 5.86 | 5.67 | 5.22 | 5.58 | 4.93 | 4,941.79 | 4.88 | 5.46 | 5.16 | 5.10 | 5.01 | 4.52 | 3.69 | 5.67 | 5.32 | 5.75 | 4.94 |
| 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 |
| Working capital turnover | 0.62 | 0.65 | 0.68 | 0.69 | 0.77 | 0.76 | 0.79 | 0.80 | 772.95 | 0.75 | 0.72 | 0.72 | 2.42 | 1.97 | 1.90 | 1.82 | 1.88 | 2.14 | 2.42 | 1.89 |
Based on the provided data for TechTarget, Inc. Common Stock, we can analyze the activity ratios as follows:
1. Inventory Turnover: The information for this ratio is not available for the periods provided, indicating a lack of data to evaluate how efficiently the company is managing its inventory.
2. Receivables Turnover: This ratio measures how many times, on average, the company collects its accounts receivable during a specific period. TechTarget's receivables turnover has shown some fluctuation over the periods, with an increasing trend from March 2020 to June 2023, implying an improvement in the efficiency of collecting outstanding receivables. However, there was a notable anomaly in the value reported for September 2022.
3. Payables Turnover: This ratio assesses how quickly a company pays its suppliers. TechTarget's payables turnover also exhibited variability over the years, with a significant spike reported for September 2022. Generally, a higher turnover ratio indicates a shorter time to pay suppliers, which can affect cash flow management.
4. Working Capital Turnover: This ratio measures how effectively the company is utilizing its working capital to generate sales. TechTarget's working capital turnover had a consistent trend from December 2019 to June 2024, with a noticeable anomaly in the reported value for September 2022. A higher turnover ratio suggests efficient use of working capital to generate sales revenue.
Overall, the analysis of these activity ratios provides insights into TechTarget's operational efficiency in managing its inventory, receivables, payables, and working capital turnover over the specified periods.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 65.22 | 69.40 | 59.96 | 62.28 | 64.39 | 69.97 | 65.47 | 74.06 | 0.07 | 74.76 | 66.82 | 70.80 | 71.52 | 72.91 | 80.74 | 98.85 | 64.32 | 68.66 | 63.49 | 73.85 |
| 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 |
TechTarget, Inc.'s activity ratios provide insights into how efficiently the company manages its inventory, receivables, and payables.
The Days of Inventory on Hand (DOH) ratio, which measures how many days it takes for the company to sell its inventory, remained constant at "— days" from December 31, 2019, to September 30, 2024. This could indicate consistent inventory management practices over the period.
The Days of Sales Outstanding (DSO) ratio, showing the average number of days it takes for the company to collect payment after a sale, fluctuated from 63.49 days on March 31, 2020, to 69.40 days on June 30, 2024. The decrease in DSO from 98.85 days on December 31, 2020, to 0.07 days on September 30, 2022, could suggest an improvement in collecting receivables efficiently during that period.
The Number of Days of Payables ratio, which indicates how long it takes the company to pay its suppliers, varied from 10.94 days on March 31, 2022, to 36.68 days on June 30, 2022. The significant decrease in the ratio from 42.06 days on December 31, 2020, to 0.03 days on September 30, 2022, might imply a change in payment terms or better management of payables.
Overall, analyzing these activity ratios together can provide a comprehensive view of TechTarget, Inc.'s operational efficiency in managing its working capital components.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 6.23 | — | 6.99 | 7.02 | 6.93 | 6.58 | 6.26 | 5.94 | 5.13 | 4.21 | 3.74 | 3.65 | 3.54 | 3.52 | 3.46 |
| Total asset turnover | 0.31 | 0.31 | 0.32 | 0.33 | 0.36 | 0.36 | 0.38 | 0.39 | 386.97 | 0.37 | 0.35 | 0.33 | 0.46 | 0.41 | 0.37 | 0.32 | 0.60 | 0.61 | 0.64 | 0.60 |
TechTarget, Inc. Common Stock's fixed asset turnover ratio has shown a consistent upward trend from December 31, 2019, to June 30, 2022, indicating that the company efficiently utilizes its fixed assets to generate revenue. The ratio increased from 3.46 to 6.93 during this period, peaking at 7.02 on September 30, 2022. Afterward, the fixed asset turnover ratio slightly decreased but remained relatively stable around 6.23 to 6.99 until September 30, 2023.
In contrast, the total asset turnover ratio shows fluctuation throughout the same period. It decreased from 0.60 on December 31, 2019, to 0.32 on December 31, 2020, but then began to recover, reaching its highest value of 386.97 on September 30, 2022. This extreme spike may be due to specific accounting treatments or extraordinary events that impacted the total asset base of the company.
From March 31, 2023, to June 30, 2024, the total asset turnover ratio gradually decreased from 0.38 to 0.31, indicating that the efficiency of utilizing both fixed and current assets to generate revenue slightly declined during this period.
Overall, the fixed asset turnover ratio consistently improved, reflecting better efficiency in utilizing fixed assets. On the other hand, the total asset turnover ratio exhibited fluctuations, with a significant anomaly on September 30, 2022, which may require further investigation or explanation. These ratios provide insights into the company's operational efficiency and asset utilization over the specified period.