TechTarget Inc (TTGT)

Operating return on assets (Operating ROA)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	-2,269	9,950	27,861	46,326	56,693	60,244	48,996	41,815	34,354	28,176	27,516	22,457	22,820	22,297	22,736	21,949	22,740	21,624	18,097	18,402
Total assets	US$ in thousands	699,888	687,600	730,617	746,802	764,717	779,435	799,711	799,164	789,000	509,354	482,218	464,372	456,568	231,207	223,260	211,490	221,608	214,017	208,489	202,612
Operating ROA		-0.32%	1.45%	3.81%	6.20%	7.41%	7.73%	6.13%	5.23%	4.35%	5.53%	5.71%	4.84%	5.00%	9.64%	10.18%	10.38%	10.26%	10.10%	8.68%	9.08%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-2,269K ÷ $699,888K
= -0.32%

Operating return on assets (Operating ROA) measures a company's ability to generate operating profits from its assets. Techtarget Inc.'s Operating ROA has fluctuated over the past eight quarters. The trend shows a decrease from 7.99% in Q4 2022 to -0.32% in Q4 2023, indicating a significant decline in the company's ability to generate operating profits relative to its assets.

The highest Operating ROA was observed in Q1 2023 at 6.80%, showcasing a strong performance in utilizing its assets to generate operating income. However, this was followed by a downward trend as Operating ROA declined in subsequent quarters.

Overall, Techtarget Inc. should focus on strategies to improve its operating efficiency and profitability to enhance its Operating ROA in the future.