TTM Technologies Inc (TTMI)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 8.74 | 8.54 | 11.94 | 14.71 | 15.10 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 3.06 | 3.08 | 3.41 | 2.65 | 2.99 |
TTM Technologies Inc's activity ratios show the efficiency of the company in managing its inventory, receivables, payables, and working capital over the years.
1. Inventory Turnover: The inventory turnover ratio measures how many times the company sells and replaces its inventory during a specific period. TTM Technologies Inc's inventory turnover has decreased from 15.10 in 2020 to 8.74 in 2024. This decline indicates that the company is taking longer to sell its inventory, which may suggest issues such as overstocking or slowing demand for its products.
2. Receivables Turnover: The receivables turnover ratio assesses how efficiently a company is collecting payments from its customers. However, the data provided shows that TTM Technologies Inc did not have information available for receivables turnover in the given years.
3. Payables Turnover: The payables turnover ratio measures how quickly a company pays its suppliers for goods and services. Similar to receivables turnover, there is no data available for payables turnover for TTM Technologies Inc in the specified years.
4. Working Capital Turnover: The working capital turnover ratio reflects how effectively the company is using its working capital to generate sales revenue. TTM Technologies Inc's working capital turnover has fluctuated between 2.65 and 3.41 over the years, indicating the company's varying ability to utilize its working capital efficiently to drive sales.
In summary, TTM Technologies Inc's activity ratios illustrate fluctuations in inventory turnover and working capital turnover, possibly indicating changes in the company's operational efficiency and management of resources over the specified years.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 41.78 | 42.75 | 30.57 | 24.82 | 24.17 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for TTM Technologies Inc, there are two key activity ratios to analyze: Days of Inventory on Hand (DOH) and Days of Sales Outstanding (DSO). However, the information only includes data for Days of Inventory on Hand, and no data is available for Days of Sales Outstanding and Number of Days of Payables.
The Days of Inventory on Hand (DOH) is an important metric that indicates how many days on average it takes for a company to sell its inventory. For TTM Technologies Inc, we observe an increasing trend in DOH over the years, from 24.17 days as of December 31, 2020, to 41.78 days as of December 31, 2024. This suggests that the company may be carrying more inventory relative to its sales, which could tie up capital and potentially indicate inefficiencies in inventory management.
Without data for Days of Sales Outstanding (DSO) and Number of Days of Payables, we are unable to provide a comprehensive analysis of TTM Technologies Inc's overall liquidity and efficiency in managing its receivables and payables. However, the absence of data for these metrics limits the depth of our assessment of the company's working capital management.
In conclusion, based on the available information on Days of Inventory on Hand, it appears that TTM Technologies Inc has experienced an increase in the number of days it holds inventory over the years, which may warrant further examination into the company's inventory management practices and their impact on working capital efficiency.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 3.45 | 3.28 | 3.24 |
| Total asset turnover | 0.70 | 0.67 | 0.75 | 0.74 | 0.73 |
TTM Technologies Inc's long-term activity ratios can provide insights into how efficiently the company is utilizing its assets to generate revenue.
1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate sales.
- TTM Technologies Inc's fixed asset turnover ratio has shown a slight improvement over the years, increasing from 3.24 in 2020 to 3.28 in 2021 and further to 3.45 in 2022. This indicates that the company is effectively utilizing its fixed assets to generate sales.
- However, the lack of data for 2023 and 2024 makes it difficult to assess any potential trends or changes in the company's fixed asset turnover ratio in those years.
2. Total Asset Turnover:
- The total asset turnover ratio measures how efficiently a company is utilizing all its assets to generate revenue.
- TTM Technologies Inc's total asset turnover ratio has fluctuated over the years, from 0.73 in 2020 to 0.74 in 2021, then to 0.75 in 2022, followed by a decrease to 0.67 in 2023, and a slight increase to 0.70 in 2024.
- The fluctuations in the total asset turnover ratio suggest changes in how effectively the company is using all its assets to generate sales.
Overall, TTM Technologies Inc's long-term activity ratios indicate that the company is efficiently utilizing its assets to generate sales, with improvements in fixed asset turnover and fluctuations in total asset turnover over the analyzed years.