TechTarget, Inc. Common Stock (TTGT)
Working capital turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 325,160 | 272,909 | 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 |
| Total current assets | US$ in thousands | 174,502 | 455,617 | 405,855 | 388,693 | 374,449 | 371,473 | 358,423 | 391,407 | 411,841 | 430,837 | 450 | 460,369 | 452,005 | 438,111 | 159,310 | 153,402 | 136,034 | 127,763 | 91,769 | 82,811 |
| Total current liabilities | US$ in thousands | 182,857 | 535,257 | 38,677 | 41,570 | 43,552 | 36,990 | 38,658 | 39,765 | 47,402 | 57,888 | 60 | 70,373 | 65,449 | 70,000 | 63,264 | 52,294 | 46,724 | 46,418 | 18,216 | 19,339 |
| Working capital turnover | — | — | 0.62 | 0.65 | 0.68 | 0.69 | 0.77 | 0.76 | 0.79 | 0.80 | 772.95 | 0.75 | 0.72 | 0.72 | 2.42 | 1.97 | 1.90 | 1.82 | 1.88 | 2.14 |
June 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $325,160K ÷ ($174,502K – $182,857K)
= —
The working capital turnover ratio for TechTarget, Inc. exhibits notable fluctuations over the analyzed period. In the fiscal year 2020, the ratio started at 2.14 at June 30 and gradually declined to 1.82 by December 31, indicating a decreasing efficiency in utilizing working capital to generate sales. During early 2021, the ratio experienced slight variability, rising to 1.97 in June but falling again to 0.72 by the end of December, reflecting a significant deterioration in the turnover efficiency.
In 2022, the ratio remained relatively low, oscillating around 0.72 to 0.80 in the first half, with an extraordinary spike to 772.95 at September 30, likely attributable to data anomalies or reporting errors, then reverting to the lower range. Over the subsequent quarters of 2023, the ratio stabilized in a narrow band between approximately 0.62 and 0.79, indicating relatively minimal changes in working capital efficiency during this period.
Overall, the trend reveals a transition from moderate working capital utilization in 2020 and early 2021 to a period of significantly diminished efficiency, as evidenced by ratios approaching or falling below 1. This suggests that during these periods, the company's ability to efficiently generate sales from its working capital declined markedly, with some anomalous data points distorting the apparent trend. The subsequent stabilization around values below 1 indicates a consistent pattern of lower efficiency in working capital management in recent years.
Peer comparison
Jun 30, 2025