TTM Technologies Inc (TTMI)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 2,442,750 2,232,570 2,495,050 2,248,740 2,105,320
Property, plant and equipment US$ in thousands — — 724,204 686,557 650,435
Fixed asset turnover — — 3.45 3.28 3.24

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,442,750K ÷ $—K
= —

TTM Technologies Inc's fixed asset turnover has shown a generally positive trend over the years, increasing from 3.24 in December 2020 to 3.45 in December 2022. This indicates that the company is generating more revenue per dollar invested in fixed assets, reflecting a higher efficiency in asset utilization. However, the lack of data for December 2023 and 2024 prevents a complete analysis of the trend during those years. It is important for the company to maintain or improve its fixed asset turnover ratio in order to maximize its operational efficiency and profitability.