TTM Technologies Inc (TTMI)

Days of inventory on hand (DOH)

		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
Inventory turnover		9.77	10.28	11.55	12.57	13.55	11.14	10.45	15.53	16.34	14.53	16.33	17.20	17.79	17.50	19.25	19.15	20.58	18.55	19.36	22.27
DOH	days	37.36	35.51	31.61	29.04	26.93	32.75	34.92	23.50	22.34	25.12	22.35	21.23	20.52	20.86	18.96	19.06	17.74	19.67	18.86	16.39

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.77
= 37.36

The days of inventory on hand (DOH) for TTM Technologies Inc have shown fluctuating trends over the past few quarters.

In the most recent quarter, as of December 31, 2023, the company had 37.36 days of inventory on hand, indicating a slight increase compared to the previous quarter. This may suggest that the company is carrying more inventory relative to its sales.

Looking back further, the trend reveals that the DOH has generally been increasing since the first quarter of 2022, reaching a peak of 37.36 days in the most recent quarter. This could indicate that the company is facing challenges in managing its inventory levels efficiently.

However, it is important to note that in the first quarter of 2022, there was a significant drop in the DOH to 23.50 days, indicating a more efficient management of inventory during that period.

Overall, the fluctuating pattern of the DOH for TTM Technologies Inc suggests potential fluctuations in demand, inventory management issues, or changes in production and sales processes that may be impacting the company's ability to effectively manage its inventory levels. Further analysis and exploration of the reasons behind these fluctuations could provide valuable insights into the company's operational efficiency and financial performance.