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TechTarget (TechTarget) Accounts Receivable : $39.2 Mil (As of Dec. 2023)


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What is TechTarget Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. TechTarget's accounts receivables for the quarter that ended in Dec. 2023 was $39.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. TechTarget's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 62.50.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. TechTarget's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-4.27.


TechTarget Accounts Receivable Historical Data

The historical data trend for TechTarget's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TechTarget Accounts Receivable Chart

TechTarget Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.10 40.18 51.10 60.36 39.24

TechTarget Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 60.36 51.38 50.99 43.34 39.24

TechTarget Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


TechTarget Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

TechTarget's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=39.239/57.292*91
=62.50

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), TechTarget's accounts receivable are only considered to be worth 75% of book value:

TechTarget's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(326.269+0.75 * 39.239+0.5 * 0-476.961
-0-0)/28.4151
=-4.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


TechTarget Accounts Receivable Related Terms

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TechTarget (TechTarget) Business Description

Traded in Other Exchanges
Address
275 Grove Street, Newton, MA, USA, 02466
TechTarget Inc is a global data, software and analytics leader for purchase intent-driven marketing and sales data which delivers business impact for business-to-business ("B2B") companies. The company solutions are designed to enable B2B technology companies to identify, reach, and influence key enterprise technology decision makers faster and with higher efficacy. Geographically, it derives a majority of revenue North America. Some of its products include Priority Engine; Lead Generation and others.
Executives
Rebecca Kitchens officer: President 7 APPLE ROCK RD, MILLIS MA 02054
Steven Niemiec officer: Chief Operating Officer & CRO 46 FARM STREET, DOVER MA 02030
Daniel T Noreck officer: Chief Financial Officer 75 HAMMOND STREET, WORCESTER MA 01610
Michael Cotoia officer: Executive Vice President C/O TECHTARGET, INC., 275 GROVE STREET, NEWTON MA 02466
Don Hawk officer: President C/O TECHTARGET, INC., 117 KENDRICK STREET, SUITE 800, NEEDHAM MA 02494
Perfecto Sanchez director 153 DIEHL ROAD, CALLICOON NY 12723
Roger M Marino director 115 ALKE STREET, SHERBORN MA 01770
Greg Strakosch director, officer: Chief Executive Officer C/O TECHTARGET, INC., 117 KENDRICK STREET, SUITE 800, NEEDHAM MA 02494
Bruce Levenson director, 10 percent owner C/O UNITED COMMUNICATIONS GROUP, 11300 ROCKVILLE PIKE, SUITE 1100, ROCKVILLE MD 20852
Houten Christina Van director C/O MIMECAST LTD., MIMECAST NA, INC., 191 SPRING STREET, LEXINGTON MA 02421
Kevin Beam officer: Executive Vice President C/O TECHTARGET, INC., 117 KENDRICK STREET, SUITE 800, NEEDHAM MA 02494
Leonard P Forman director C/O THE NEW YORK TIMES CO, 229 WEST 43RD ST, NEW YORK NY 10036
Nine Ten Partners Lp 10 percent owner 1603 ORRINGTON AVENUE, SUITE 1650, EVANSTON IL 60201
Russell Chad Mollen 10 percent owner 12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN TX 78738
James Shel Bradshaw 10 percent owner 12600 HILL COUNTRY BLVD, SUITE R-230, AUSTIN TX 78738