TechTarget, Inc. Common Stock (TTGT)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -12,523 | -10,206 | -7,028 | -2,269 | 18,820 | 36,731 | 55,196 | 65,563 | 60,244 | 48,996 | 41,815 | 34,354 | 28,176 | 27,516 | 22,457 | 22,820 | 22,296 | 22,735 | 21,948 | 22,739 |
| Total assets | US$ in thousands | 732,970 | 717,148 | 706,157 | 699,888 | 687,600 | 730,617 | 746,802 | 764,717 | 779 | 799,711 | 799,164 | 789,000 | 509,354 | 482,218 | 464,372 | 456,568 | 231,207 | 223,260 | 211,490 | 221,608 |
| Operating ROA | -1.71% | -1.42% | -1.00% | -0.32% | 2.74% | 5.03% | 7.39% | 8.57% | 7,733.50% | 6.13% | 5.23% | 4.35% | 5.53% | 5.71% | 4.84% | 5.00% | 9.64% | 10.18% | 10.38% | 10.26% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-12,523K ÷ $732,970K
= -1.71%
TechTarget, Inc.'s operating return on assets (operating ROA) has shown fluctuations over the quarters analyzed. The trend indicates that the company's ability to generate operational profits from its assets has been somewhat unstable. The operating ROA ranged from a peak of 10.38% in March 2020 to a low of -1.71% in September 2024. Even though there were periods of recovery in between, such as in the second quarter of 2022 and the fourth quarter of 2022, the metric experienced a downward trend overall. The negative values in the latter quarters suggest that the company may have struggled to efficiently utilize its assets to generate operating income during those periods. Further analysis and investigation into the factors influencing the company's operating ROA could provide insights into its operational performance and efficiency.
Peer comparison
Sep 30, 2024