TechTarget, Inc. Common Stock (TTGT)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 284,897 | 229,963 | 297,488 | 263,427 | 148,376 |
| Receivables | US$ in thousands | 79,039 | 39,239 | 60,359 | 51,095 | 40,183 |
| Receivables turnover | 3.60 | 5.86 | 4.93 | 5.16 | 3.69 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $284,897K ÷ $79,039K
= 3.60
TechTarget, Inc. Common Stock's receivables turnover ratio has shown an upward trend over the years, increasing from 3.69 in 2020 to 5.16 in 2021, and further to 4.93 in 2022, before peaking at 5.86 in 2023. The ratio provides insight into how efficiently the company is collecting payments from its customers. An increasing receivables turnover suggests that the company is able to collect outstanding receivables more quickly, indicating effective credit management practices or a strong customer base. However, it is noted that there is missing data for the receivables turnover ratio in 2024, which may limit the complete assessment of the trend.
Peer comparison
Dec 31, 2024