TTM Technologies Inc (TTMI)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		10.69	10.59	11.47	11.45	10.51
DSO	days	34.13	34.48	31.82	31.87	34.72

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.69
= 34.13

To analyze TTM Technologies Inc's Days of Sales Outstanding (DSO) over the past five years, we calculate the average DSO as follows:

Average DSO = (34.13 + 34.48 + 31.82 + 31.87 + 34.72) / 5 = 33.20 days

The trend in TTM Technologies Inc's DSO over the five-year period shows some fluctuations but remains relatively stable around the average value of 33.20 days. In 2021, the DSO decreased to 31.82 days, indicating an improvement in the company's collection process. However, in 2022 and 2023, the DSO increased slightly to 34.48 days and 34.13 days, respectively.

A lower DSO reflects a more efficient collection of accounts receivable, indicating that the company is converting its credit sales into cash quicker. On the other hand, a higher DSO suggests that the company may be facing challenges in collecting payments from customers promptly.

Overall, TTM Technologies Inc's DSO performance seems stable, but monitoring any deviations from the average DSO could provide insights into the company's cash flow management and credit policies.