TTM Technologies Inc (TTMI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.47 | 6.39 | 5.82 | 6.29 | 7.79 | |
| Number of days of payables | days | 56.43 | 57.09 | 62.68 | 58.03 | 46.86 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.47
= 56.43
The number of days of payables for TTM Technologies Inc has shown some fluctuations over the past five years. The trend indicates a slight increase in the number of days it takes the company to pay its suppliers from 46.86 days in 2019 to 56.43 days in 2023. This increase may suggest a potential delay in settling its accounts payable obligations. The highest number of days of payables was observed in 2021 at 62.68 days, indicating a period where the company took longer to pay its suppliers.
Overall, the average number of days of payables over the five-year period was 56.62 days, suggesting that TTM Technologies Inc typically takes around 56 to 57 days on average to pay its suppliers. This metric is important as it reflects the efficiency of the company's cash management and relationships with its suppliers. An increasing number of days of payables may indicate strained liquidity or potential issues in the procurement process, while a decreasing trend could imply improved working capital management.
Peer comparison
Dec 31, 2023