TTM Technologies Inc (TTMI)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	4,433,921	4,804,671	4,902,331	4,983,727	5,009,189	4,674,869	4,560,365	4,501,830	4,431,757	4,205,847	4,153,582	4,149,004	4,127,043	4,910,233	5,113,110	5,067,708	5,105,153	5,257,103	5,294,466	5,484,576
Receivables	US$ in thousands	413,557	390,902	386,903	—	473,225	—	—	—	386,347	388,233	378,762	366,768	381,105	374,971	414,329	458,639	503,671	529,942	—	—
Receivables turnover		10.72	12.29	12.67	—	10.59	—	—	—	11.47	10.83	10.97	11.31	10.83	13.09	12.34	11.05	10.14	9.92	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,433,921K ÷ $413,557K
= 10.72

TTM Technologies Inc's receivables turnover ratio has fluctuated over the periods provided, ranging from 9.92 to 13.09. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more frequently within a year.

The trend suggests that the company's ability to collect its receivables has been relatively stable, with some variability quarter to quarter. It is essential for TTM Technologies Inc to maintain a healthy receivables turnover ratio to ensure a steady cash flow and efficient working capital management.

Overall, the analysis of TTM Technologies Inc's receivables turnover ratio indicates a reasonably effective collection of accounts receivable during the periods analyzed.