TechTarget, Inc. Common Stock (TTGT)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 325,160 | 272,909 | 226,314 | 224,970 | 224,485 | 229,963 | 245,706 | 265,990 | 286,437 | 297,488 | 301,449 | 293,788 | 278,623 | 263,427 | 232,352 | 198,845 | 169,930 | 148,377 | 138,346 | 135,911 |
| Receivables | US$ in thousands | 73,202 | 79,039 | 40,438 | 42,774 | 36,880 | 39,239 | 43,342 | 50,988 | 51,375 | 60,359 | 61 | 60,176 | 51,009 | 51,095 | 45,528 | 39,718 | 37,589 | 40,183 | 24,380 | 25,568 |
| Receivables turnover | 4.44 | 3.45 | 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 |
June 30, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $325,160K ÷ $73,202K
= 4.44
The receivables turnover ratio for TechTarget, Inc. over the period from June 2020 to June 2025 exhibits notable fluctuations, reflecting variations in the company's efficiency in managing and collecting its receivables.
Initially, the ratio was approximately 5.32 in June 2020, indicating the company collected its average receivables about five times annually. This ratio increased somewhat to 5.67 by September 2020, suggesting a slight improvement in receivables collection efficiency during that period. However, there was a significant decline to 3.69 by December 2020, implying a slowdown in collections or a potential increase in receivables outstanding.
Following this decline, the ratio saw a gradual recovery, reaching 4.52 in March 2021 and then stabilizing around the 5.00 mark across subsequent quarters, with values such as 5.01 in June 2021, 5.10 in September 2021, and 5.16 in December 2021. The trend continued with ratios like 5.46 in March 2022, indicating a steady or slightly improving collection efficiency.
A sharp anomaly appears in September 2022, where the receivables turnover spikes to an exceptionally high value of 4,941.79. This anomalous figure likely signifies a data inconsistency or reporting error, as such an extreme value is not characteristic of typical receivables turnover ratios.
Beyond this anomaly, the ratios generally trend upward, reaching 5.58 in March 2023 and maintaining a range around 5.22 to 5.86 in subsequent quarters. The ratios from March 2023 to September 2024 fluctuate modestly, signaling relatively stable receivable management during this period.
Towards the latter part of the observed timeline, the data indicates some decline with a ratio of 3.45 in March 2025, suggesting a potential decrease in collection efficiency or an increase in receivables relative to sales. This is followed by a slight recovery to 4.44 in June 2025.
Overall, the receivables turnover ratios display periods of stability interspersed with fluctuations, including a notable outlier. The trend suggests that, generally, TechTarget, Inc. is maintaining a moderate level of efficiency in receivables management, with occasional variability possibly influenced by operational, industry, or reporting factors.
Peer comparison
Jun 30, 2025