TechTarget, Inc. Common Stock (TTGT)
Working capital 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 current assets | US$ in thousands | 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 | 71,283 | 87,431 |
| Total current liabilities | US$ in thousands | 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 | 15,354 | 16,403 |
| 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 | 2.42 | 1.89 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $226,314K ÷ ($405,855K – $38,677K)
= 0.62
The working capital turnover ratio for TechTarget, Inc. Common Stock has fluctuated over the period from December 31, 2019, to September 30, 2024. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
- The ratio ranged from a high of 2.42 on March 31, 2020, to a low of 0.62 on September 30, 2024.
- A higher ratio suggests that the company is generating more sales revenue per unit of its working capital, which indicates efficient utilization.
- The ratio decreased from March 31, 2020, to December 31, 2023, before experiencing a slight increase on March 31, 2024.
- The significant drop to 0.62 on September 30, 2024, may be an outlier due to the unusually high value preceding it and necessitates further investigation.
- Overall, fluctuations in the working capital turnover ratio suggest changes in the efficiency of TechTarget, Inc. Common Stock's working capital management over the analyzed period.
Peer comparison
Sep 30, 2024