TechTarget Inc (TTGT)

Return on assets (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
Net income (ttm)	US$ in thousands	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	15,464	13,882	14,151
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
ROA		0.64%	1.93%	3.61%	4.83%	5.44%	2.37%	1.70%	0.79%	0.12%	3.97%	3.53%	3.59%	3.74%	7.72%	7.35%	7.47%	7.61%	7.23%	6.66%	6.98%

December 31, 2023 calculation

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

To analyze Techtarget Inc.'s return on assets (ROA) trend, we observe that the ROA has experienced fluctuations over the past eight quarters. In Q1 2023, the ROA was at its peak, reaching 4.83%, indicating that the company generated $0.0483 in profit for every dollar of assets. This was a significant improvement from the previous quarter's ROA of 3.61% in Q2 2023.

However, the ROA declined in the subsequent quarters, with Q4 2023 showing the lowest ROA at 0.64% among the periods analyzed. This downward trend suggests that the company's ability to generate profits from its assets has weakened. Comparing year-over-year performance, the ROA has decreased from 5.44% in Q4 2022 to 0.64% in Q4 2023, indicating a substantial decline in profitability efficiency.

Overall, the fluctuating ROA values indicate variable profitability performance and raise concerns about Techtarget Inc.'s asset utilization and overall financial health. Further analysis and investigation into the company's operations and financial strategies may be required to address the declining trend in return on assets.