TTM Technologies Inc (TTMI)

Days of sales outstanding (DSO)

		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
Receivables turnover		10.72	12.29	12.67	—	10.59	—	—	—	11.47	10.83	10.97	11.31	10.83	13.09	12.34	11.05	10.14	9.92	—	—
DSO	days	34.04	29.70	28.81	—	34.48	—	—	—	31.82	33.69	33.28	32.27	33.71	27.87	29.58	33.03	36.01	36.79	—	—

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 10.72
= 34.04

To analyze TTM Technologies Inc's Days Sales Outstanding (DSO) based on the provided data, we observe that DSO measures how long it takes for a company to collect its accounts receivable on average. A lower DSO indicates faster collection of receivables, which is generally favorable as it signifies efficient management of working capital.

From the available data, we note that the DSO has varied over time. In the most recent quarter, as of December 31, 2023, the DSO stood at 34.04 days, representing a slight increase in the days to collect receivables compared to the prior quarter. This uptick may raise some concerns about the company's ability to promptly convert sales into cash.

Examining trends over the past few quarters, we observe fluctuations in the DSO metric. Notably, there are instances of DSO below 30 days, which generally indicates efficient credit management and timely collection of accounts receivable. However, there are also periods where the DSO exceeds 30 days, suggesting potential delays in collecting outstanding revenues.

It is worth noting that there are missing data points in some quarters, which may limit the precision of trend analysis. Nonetheless, tracking the DSO over consecutive periods can provide insights into the company's collections efficiency and potential liquidity challenges.

In conclusion, the analysis of TTM Technologies Inc's DSO indicates variability in the efficiency of accounts receivable collection. Investors and analysts may monitor this metric over time to assess the company's working capital management and financial performance.