TechTarget, Inc. Common Stock (TTGT)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | — | 229,963 | 297,488 | 263,427 | 148,376 |
| Total assets | US$ in thousands | — | 699,888 | 764,717 | 789,000 | 456,568 |
| Total asset turnover | — | 0.33 | 0.39 | 0.33 | 0.32 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $—K ÷ $—K
= —
TechTarget, Inc. Common Stock experienced a fluctuation in its total asset turnover ratio over the last few years. The ratio increased from 0.32 in December 31, 2020, to 0.39 in December 31, 2022, indicating that the company generated $0.39 in revenue for every dollar of assets it held by the end of 2022. This suggests an improvement in the efficiency of the company's asset utilization during this period.
However, by December 31, 2023, the total asset turnover ratio decreased to 0.33, signaling a potential decline in the company's ability to generate revenue from its assets compared to the previous year. It is essential for stakeholders to monitor this trend closely to determine if it's a temporary fluctuation or a more significant concern regarding the company's operational efficiency.
The absence of data for December 31, 2024, prevents a comprehensive analysis for that year. Still, overall, the company's total asset turnover has shown some variability, highlighting the importance of evaluating both the numerator (revenue) and denominator (total assets) components to understand the underlying factors affecting this ratio.
Peer comparison
Dec 31, 2024