TTM Technologies Inc (TTMI)

Number of days of payables

		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
Payables turnover		6.22	6.31	7.04	7.10	6.39	5.63	5.16	5.56	5.77	5.26	5.67	6.19	6.29	6.54	6.72	7.48	7.10	4.98	5.46	6.02
Number of days of payables	days	58.68	57.88	51.84	51.41	57.09	64.88	70.71	65.69	63.27	69.37	64.40	59.01	58.03	55.83	54.30	48.79	51.43	73.23	66.83	60.58

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.22
= 58.68

TTM Technologies Inc's number of days of payables has displayed fluctuations over the past few periods. The company's number of days of payables has ranged from a low of 48.79 days on March 31, 2020, to a high of 70.71 days on June 30, 2022. This metric indicates the average number of days it takes for TTM Technologies Inc to pay its suppliers or trade payables.

The trend in the number of days of payables suggests that the company has been managing its trade payables effectively, keeping the metric relatively stable around an average of approximately 60 days. A lower number of days of payables may indicate that the company is paying its suppliers more quickly, potentially signaling strong cash flow management or negotiating power. Conversely, a higher number of days of payables may imply that the company is taking longer to settle its payables, which could potentially strain supplier relationships or indicate liquidity challenges.

Overall, analyzing TTM Technologies Inc's number of days of payables provides insights into the company's payment practices and working capital management. It is essential to monitor this metric in conjunction with other financial ratios to assess the company's financial health comprehensively.