TTM Technologies Inc (TTMI)

Days of inventory on hand (DOH)

		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
DOH	days	41.78	42.75	30.57	24.82	24.17

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.74
= 41.78

The days of inventory on hand (DOH) for TTM Technologies Inc have shown an increasing trend over the years based on the data provided.

As of December 31, 2020, the company had inventory on hand for an average of 24.17 days, which increased slightly to 24.82 days by December 31, 2021. However, there was a more notable rise in the DOH to 30.57 days by December 31, 2022, indicating a longer period for which the company held inventory.

The trend continued with significant increases in the DOH in the subsequent years. By December 31, 2023, the DOH had climbed to 42.75 days, suggesting that TTM Technologies Inc was holding onto inventory for a much longer period compared to previous years. This trend persisted with the DOH reaching 41.78 days as of December 31, 2024, indicating that the company's inventory management may have become less efficient over time.

Overall, the increasing DOH for TTM Technologies Inc signals a need for the company to closely monitor and potentially streamline its inventory management processes to avoid tying up excess capital in inventory and improve overall operational efficiency.