TTM Technologies Inc (TTMI)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	2,442,753	2,360,827	2,316,871	2,258,243	2,232,567	2,280,684	2,379,182	2,458,223	2,495,046	2,476,031	2,361,735	2,303,568	2,248,740	2,174,401	2,131,193	2,134,108	2,105,322	2,300,773	2,504,014	2,566,754
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	—	714,147	724,204	766,456	771,057	663,394	686,557	686,530	670,898	672,577	650,435	654,837	660,866	666,611
Fixed asset turnover		—	—	—	—	—	—	—	3.44	3.45	3.23	3.06	3.47	3.28	3.17	3.18	3.17	3.24	3.51	3.79	3.85

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,442,753K ÷ $—K
= —

TTM Technologies Inc's fixed asset turnover has shown some fluctuations over the years. It started at 3.85 in March 2020, indicating that the company generated $3.85 in revenue for every $1 of fixed assets. The ratio decreased slightly to 3.79 by June 2020 and continued to decline over the next few quarters, reaching a low of 3.06 in June 2022.

However, there was a recovery in the ratio to 3.45 by December 2022 and 3.44 by March 2023. The ratio remained relatively stable around 3.4 before showing a slight increase to 3.47 by March 2022.

Overall, TTM Technologies Inc's fixed asset turnover has demonstrated some variability in recent years, but it has generally remained above 3.0, indicating an efficient utilization of fixed assets to generate revenue. Further monitoring of the ratio will help assess the company's ongoing operational efficiency in this aspect.