TechTarget Inc (TTGT)

Total asset turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	246,651	261,716	274,067	290,615	298,349	277,902	270,151	255,484	240,152	231,041	197,824	169,385	148,059	138,065	135,130	134,377	133,265	128,516	125,496	122,291
Total assets	US$ in thousands	699,888	687,600	730,617	746,802	764,717	779,435	799,711	799,164	789,000	509,354	482,218	464,372	456,568	231,207	223,260	211,490	221,608	214,017	208,489	202,612
Total asset turnover		0.35	0.38	0.38	0.39	0.39	0.36	0.34	0.32	0.30	0.45	0.41	0.36	0.32	0.60	0.61	0.64	0.60	0.60	0.60	0.60

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $246,651K ÷ $699,888K
= 0.35

The total asset turnover ratio for Techtarget Inc. has exhibited consistency over the past eight quarters, ranging from 0.33 to 0.39.

The ratio indicates how efficiently the company is utilizing its assets to generate revenue. A higher ratio suggests that the company is effectively generating revenue from its assets, while a lower ratio may indicate inefficiency in asset utilization.

The decline in the total asset turnover ratio from 0.39 in Q4 2022 to 0.33 in Q4 2023 suggests a decrease in the company's ability to generate revenue from its assets during this period.

Analyzing trends in total asset turnover can provide insights into the company's operational efficiency and effectiveness in asset utilization, which are crucial factors in assessing its overall financial performance.