TechTarget, Inc. Common Stock (TTGT)
Total asset 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 |
| Total assets | US$ in thousands | 732,970 | 717,148 | 706,157 | 699,888 | 687,600 | 730,617 | 746,802 | 764,717 | 779 | 799,711 | 799,164 | 789,000 | 509,354 | 482,218 | 464,372 | 456,568 | 231,207 | 223,260 | 211,490 | 221,608 |
| Total asset turnover | 0.31 | 0.31 | 0.32 | 0.33 | 0.36 | 0.36 | 0.38 | 0.39 | 386.97 | 0.37 | 0.35 | 0.33 | 0.46 | 0.41 | 0.37 | 0.32 | 0.60 | 0.61 | 0.64 | 0.60 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $226,314K ÷ $732,970K
= 0.31
TechTarget, Inc. Common Stock's total asset turnover has been relatively stable over the past few years, averaging around 0.40. The ratio measures the efficiency of the company in generating sales from its assets, with higher values indicating better asset utilization. The trend shows a slight increase from 0.60 in December 2019 to 0.46 in September 2021, before declining to 0.31 in June 2024. The substantial spike to 386.97 in September 2022 seems like an outlier and requires further investigation. Overall, the company's total asset turnover indicates that it has room for improvement in utilizing assets to generate revenue effectively.
Peer comparison
Sep 30, 2024