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

Company name
Symbol
Cash conversion cycle
TechTarget, Inc. Common Stock
TTGT
39.75
Ziff Davis Inc
ZD
-127.38