TechTarget, Inc. Common Stock (TTGT)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 284,897 | 229,963 | 297,488 | 263,427 | 148,376 |
| Total current assets | US$ in thousands | 455,617 | 371,473 | 430,837 | 438,111 | 127,763 |
| Total current liabilities | US$ in thousands | 535,257 | 36,990 | 57,888 | 70,000 | 46,418 |
| Working capital turnover | — | 0.69 | 0.80 | 0.72 | 1.82 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $284,897K ÷ ($455,617K – $535,257K)
= —
TechTarget, Inc. Common Stock's working capital turnover has experienced fluctuations over the years. In December 31, 2020, the company had a working capital turnover of 1.82, indicating that it generated $1.82 in revenue for every dollar of working capital invested during that period. However, in subsequent years, the efficiency of the company's working capital management declined. By December 31, 2021, the working capital turnover dropped to 0.72, suggesting a decrease in revenue generation per unit of working capital.
There was a slight improvement in efficiency by December 31, 2022, with a working capital turnover of 0.80. This indicates that the company was able to increase its revenue generation compared to the previous year for every dollar of working capital deployed.
In December 31, 2023, the working capital turnover decreased again to 0.69, showing a decline in efficiency in utilizing working capital to generate revenue. Unfortunately, the data for December 31, 2024, is not available.
Overall, the working capital turnover reveals fluctuations in TechTarget, Inc. Common Stock's ability to efficiently convert working capital into revenue over the years, with some periods showing better efficiency than others. It is essential for the company to monitor and improve its working capital turnover to ensure optimal utilization of resources for revenue generation.
Peer comparison
Dec 31, 2024