TTM Technologies Inc (TTMI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		8.84	8.46	8.77	8.40	8.60	9.03	10.41	11.35	11.94	9.94	9.35	14.00	14.71	12.94	14.03	14.65	15.10	14.93	17.04	17.96
DOH	days	41.31	43.12	41.63	43.47	42.47	40.43	35.06	32.17	30.57	36.71	39.04	26.08	24.82	28.22	26.02	24.91	24.17	24.44	21.41	20.32

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.84
= 41.31

The days of inventory on hand (DOH) for TTM Technologies Inc has shown fluctuations over the quarters between March 31, 2020, and December 31, 2024. The trend indicates an overall increase in the number of days it takes for the company to convert its inventory into sales, reflecting potential inefficiencies in managing inventory levels.

The DOH increased from 20.32 days on March 31, 2020, to a peak of 43.47 days on March 31, 2024. This rise suggests a slower inventory turnover rate, which could lead to higher carrying costs, potential obsolescence, or liquidity challenges for the company.

Although there were some fluctuations in the DOH over the period, with occasional decreases, the general upward trend is worth noting. Higher DOH values may signal excess inventory levels or operational issues that could impact TTM Technologies Inc's financial performance and efficiency.

It would be important for the company to evaluate its inventory management practices, optimize production planning, and adjust procurement strategies to potentially improve its working capital efficiency and overall financial health.