TechTarget, Inc. Common Stock (TTGT)
Cash conversion cycle
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Days of sales outstanding (DSO) | days | 65.22 | 69.40 | 59.96 | 62.28 | 64.39 | 69.97 | 65.47 | 74.06 | 0.07 | 74.76 | 66.82 | 70.80 | 71.52 | 72.91 | 80.74 | 98.85 | 64.32 | 68.66 | 63.49 | 73.85 |
Number of days of payables | days | 25.47 | 24.16 | 18.72 | 24.45 | 23.68 | 15.87 | 14.30 | 15.34 | 0.03 | 36.68 | 10.94 | 19.39 | 17.24 | 25.02 | 20.89 | 42.06 | 16.94 | 19.93 | 18.71 | 23.33 |
Cash conversion cycle | days | 39.75 | 45.24 | 41.24 | 37.83 | 40.70 | 54.10 | 51.17 | 58.72 | 0.04 | 38.08 | 55.89 | 51.41 | 54.28 | 47.88 | 59.85 | 56.79 | 47.38 | 48.74 | 44.79 | 50.52 |
September 30, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + 65.22 – 25.47
= 39.75
The cash conversion cycle of TechTarget, Inc. Common Stock has displayed variability over the period presented. Starting at 50.52 days on December 31, 2019, the cycle decreased to 44.79 days by March 31, 2020, indicating an improvement in cash management efficiency. However, it then increased to 59.85 days by March 31, 2021, before decreasing again.
The most significant change occurred on September 30, 2022, when the cash conversion cycle dropped sharply to 0.04 days, suggesting a remarkably efficient operating cycle. This was likely due to improved processes in managing accounts receivable, inventory, and accounts payable.
Subsequently, the cycle fluctuated between 37.83 days and 45.24 days until September 30, 2024, where it stood at 39.75 days. Overall, TechTarget, Inc. Common Stock has shown some fluctuations in its cash conversion cycle, indicating variations in its efficiency in managing cash flow over the period analyzed.
Peer comparison
Sep 30, 2024