TTM Technologies Inc (TTMI)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 8.84 | 8.46 | 8.77 | 8.40 | 8.60 | 9.03 | 10.41 | 11.35 | 11.94 | 9.94 | 9.35 | 14.00 | 14.71 | 12.94 | 14.03 | 14.65 | 15.10 | 14.93 | 17.04 | 17.96 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.06 | 3.10 | 3.13 | 3.07 | 3.08 | 3.63 | 3.45 | 3.28 | 3.41 | 3.56 | 3.59 | 2.72 | 2.65 | 2.54 | 2.51 | 2.59 | 2.99 | 3.29 | 3.71 | 3.03 |
TTM Technologies Inc's activity ratios are as follows:
1. Inventory turnover: The inventory turnover ratio measures how efficiently the company manages its inventory. The ratio has shown a declining trend over the past few years, dropping from 17.96 in March 2020 to 8.84 in December 2024. This indicates that the company takes longer to sell its inventory, which may tie up capital and increase storage costs.
2. Receivables turnover: The receivables turnover ratio reflects how quickly the company collects its accounts receivable. The data provided shows "—" for all periods, suggesting that there is no information available on this ratio. This lack of data makes it challenging to assess the efficiency of the company in collecting outstanding payments from its customers.
3. Payables turnover: The payables turnover ratio measures how effectively the company pays its suppliers. Similar to the receivables turnover ratio, the data provided does not include any information on payables turnover. Without this data, it is difficult to evaluate how efficiently TTM Technologies manages its payments to suppliers.
4. Working capital turnover: The working capital turnover ratio indicates how efficiently the company utilizes its working capital to generate revenue. This ratio has fluctuated over the years, with some periods showing an increase and others a decrease. Generally, a higher turnover ratio is desirable as it indicates that the company is effectively using its working capital to generate sales.
In conclusion, while the inventory turnover and working capital turnover ratios provide some insights into TTM Technologies' operational efficiency, the lack of data for receivables turnover and payables turnover hinders a comprehensive analysis of the company's overall activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 41.31 | 43.12 | 41.63 | 43.47 | 42.47 | 40.43 | 35.06 | 32.17 | 30.57 | 36.71 | 39.04 | 26.08 | 24.82 | 28.22 | 26.02 | 24.91 | 24.17 | 24.44 | 21.41 | 20.32 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for TTM Technologies Inc, the trend in the Days of Inventory on Hand (DOH) has shown some fluctuations over the past few years. The DOH metric ranged from 20.32 days to 43.47 days during the period from March 31, 2020, to June 30, 2024. We can observe a general upward trend in DOH, indicating that the company is taking longer to sell its inventory over time. This trend suggests a potential inefficiency in managing inventory levels.
In contrast, the Days of Sales Outstanding (DSO) and Number of Days of Payables data are not provided, making it challenging to analyze TTM Technologies Inc's efficiency in collecting receivables and paying its creditors.
Overall, the increasing trend in the Days of Inventory on Hand (DOH) for TTM Technologies Inc warrants closer attention to inventory management strategies to improve operational efficiency and cash flow. Additional data on Days of Sales Outstanding (DSO) and Days of Payables would provide a more comprehensive assessment of the company's overall liquidity and working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.70 | 0.69 | 0.69 | 0.68 | 0.67 | 0.70 | 0.76 | 0.77 | 0.75 | 0.75 | 0.73 | 0.76 | 0.74 | 0.71 | 0.70 | 0.72 | 0.73 | 0.73 | 0.70 | 0.73 |
The Fixed Asset Turnover ratio for TTM Technologies Inc has shown a general downward trend over the years, decreasing from 3.85 in March 2020 to 3.23 in September 2022, before picking up again to 3.45 in December 2022. This ratio measures the efficiency with which the company is utilizing its fixed assets to generate revenue.
On the other hand, the Total Asset Turnover ratio has been relatively stable, hovering around the range of 0.70 to 0.77 during the period analyzed. This ratio indicates how well the company is generating sales from its total assets.
Overall, while the Fixed Asset Turnover ratio paints a picture of a slight decline in efficiency in utilizing fixed assets, the Total Asset Turnover ratio suggests that TTM Technologies Inc has been able to maintain a relatively stable level of revenue generation from its total assets over the years.