TechTarget, Inc. Common Stock (TTGT)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 135,401 | 133,957 |
| Receivables | US$ in thousands | 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 | 23,554 | 27,102 |
| 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $226,314K ÷ $40,438K
= 5.60
The receivables turnover ratio for TechTarget, Inc. Common Stock has experienced fluctuations over the past few quarters, ranging from a low of 3.69 on December 31, 2020, to a high of 6.09 on March 31, 2024. The ratio indicates how efficiently the company is able to collect payment from its customers.
On average, the receivables turnover ratio has been around 5, indicating that the company collects its accounts receivable roughly 5 times a year. Higher ratios suggest that the company is more efficient in collecting payments from customers, while lower ratios may indicate that the company is struggling to collect payments in a timely manner.
It is important to note that the receivables turnover ratio of 4,941.79 reported on September 30, 2022, seems like an anomaly or a data entry error, given the significant deviation from the other values. Consequently, it is advisable to verify the accuracy of this figure for a more reliable analysis.
Overall, the trend of the receivables turnover ratio for TechTarget, Inc. Common Stock shows some variability but generally indicates that the company manages its accounts receivable effectively, collecting payments from customers in a timely manner.
Peer comparison
Sep 30, 2024