TTM Technologies Inc (TTMI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,965,380 | 1,819,300 | 2,037,080 | 1,876,730 | 1,746,300 |
| Inventory | US$ in thousands | 224,985 | 213,075 | 170,639 | 127,612 | 115,651 |
| Inventory turnover | 8.74 | 8.54 | 11.94 | 14.71 | 15.10 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,965,380K ÷ $224,985K
= 8.74
TTM Technologies Inc's inventory turnover has exhibited a declining trend over the past five years, decreasing from 15.10 in December 31, 2020, to 8.74 in December 31, 2024. This indicates that the company is holding onto its inventory for a longer period before selling it. A decreasing inventory turnover may suggest overstocking, inefficiencies in inventory management, or challenges in sales and demand forecasting. It is essential for TTM Technologies Inc to closely monitor its inventory levels and optimize its operational processes to improve inventory turnover and maintain healthy liquidity levels.
Peer comparison
Dec 31, 2024