TTM Technologies Inc (TTMI)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	4,422,460	5,009,190	4,431,760	4,364,300	5,294,200
Receivables	US$ in thousands	413,557	473,225	386,347	381,105	503,671
Receivables turnover		10.69	10.59	11.47	11.45	10.51

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $4,422,460K ÷ $413,557K
= 10.69

The receivables turnover ratio for TTM Technologies Inc has shown a relatively stable trend over the past five years. The ratio has ranged between 10.51 and 11.47, with the latest value being 10.69 as of December 31, 2023.

A higher receivables turnover ratio indicates that the company is able to efficiently collect its accounts receivable from customers. This reflects positively on the company's credit policies, collection efforts, and overall liquidity.

Despite minor fluctuations, the consistency of TTM Technologies Inc's receivables turnover ratio suggests effective management of accounts receivable and a healthy working capital management strategy. Investors and stakeholders can view this as a positive sign of the company's financial health and operational efficiency in managing its receivables.