TTM Technologies Inc (TTMI)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		10.16	13.55	16.50	17.79	22.59
DOH	days	35.93	26.93	22.13	20.52	16.16

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.16
= 35.93

TTM Technologies Inc's days of inventory on hand (DOH) has exhibited a consistent upward trend over the past five years. The DOH has increased from 16.16 days in 2019 to 35.93 days in 2023, indicating that the company is holding inventory for a longer period before selling it.

The rising DOH may suggest potential inventory management challenges or inefficiencies within the company's operations. A higher DOH can tie up capital in inventory and increase carrying costs, which can negatively impact the company's overall profitability and liquidity.

It is essential for TTM Technologies Inc to closely monitor and optimize its inventory management processes to ensure efficient use of resources and maintain competitive positioning in the industry. Continued analysis and improvement of inventory turnover ratios and supply chain practices may help in reducing the DOH and enhancing the company's overall financial performance.