TechTarget Inc (TTGT)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	4,461	41,609	949	17,068	16,875
Total assets	US$ in thousands	699,888	764,717	789,000	456,568	221,608
ROA		0.64%	5.44%	0.12%	3.74%	7.61%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $4,461K ÷ $699,888K
= 0.64%

Techtarget Inc.'s Return on Assets (ROA) has fluctuated significantly over the past five years. The ROA was 0.64% at the end of 2023, which represents a decrease compared to the previous year. In 2022, the ROA was 5.44%, reflecting a substantial decline from the peak performance in 2019 when the ROA stood at 7.61%. The ROA was relatively low in 2021 at 0.12% but improved in 2020 to 3.74%.

These fluctuations in ROA indicate variability in the company's ability to generate profits relative to its total assets. The declining trend in recent years potentially suggests challenges in efficiently utilizing assets to generate earnings. Further analysis is recommended to identify the root causes of these fluctuations and to develop strategies for improving ROA and overall financial performance.