TechTarget, Inc. Common Stock (TTGT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -12,093 | -8,635 | -7,272 | 4,461 | 13,251 | 26,350 | 36,090 | 41,609 | 18,455 | 13,598 | 6,303 | 949 | 20,220 | 17,018 | 16,671 | 17,068 | 17,845 | 16,414 | 15,792 | 16,875 |
| 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 |
| ROA | -1.65% | -1.20% | -1.03% | 0.64% | 1.93% | 3.61% | 4.83% | 5.44% | 2,369.06% | 1.70% | 0.79% | 0.12% | 3.97% | 3.53% | 3.59% | 3.74% | 7.72% | 7.35% | 7.47% | 7.61% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-12,093K ÷ $732,970K
= -1.65%
TechTarget, Inc.'s return on assets (ROA) has shown a declining trend over the last few years. The ROA decreased from a healthy 7.61% as of December 31, 2019, to 0.64% as of December 31, 2023, before turning negative in the following periods. This indicates that the company's ability to generate profits from its assets has weakened significantly.
The sharp increase to 2,369.06% as of September 30, 2022, may be an outlier or result from extraordinary items. It is important to investigate this anomaly further to understand its underlying cause and implications.
Overall, the downward trend in ROA raises concerns about TechTarget, Inc.'s operational efficiency and profitability in utilizing its assets effectively. Further analysis and examination of the company's financial performance and asset management strategies may be necessary to address the declining trend in ROA.
Peer comparison
Sep 30, 2024