TTM Technologies Inc (TTMI)

Total asset 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
Total assets	US$ in thousands	3,323,660	3,323,600	3,025,550	2,895,940	3,560,930
Total asset turnover		1.33	1.51	1.46	1.51	1.49

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $4,422,460K ÷ $3,323,660K
= 1.33

TTM Technologies Inc's total asset turnover ratio has fluctuated over the past five years. The ratio indicates how efficiently the company is generating revenue from its total assets.

In 2023, the total asset turnover ratio decreased to 1.33 from 1.51 in 2022. This suggests that the company generated $1.33 in revenue for every dollar of assets it possessed in 2023, a slight decrease from the previous year.

Comparing 2023 to 2021 and 2020, the total asset turnover ratio remained relatively stable at 1.46 and 1.51, respectively.

In 2019, the total asset turnover ratio was slightly lower at 1.49. Overall, TTM Technologies Inc's ability to generate revenue from its total assets has shown variability but has generally been in the range of 1.33 to 1.51 over the past five years. Further analysis would be needed to understand the factors driving these fluctuations in the total asset turnover ratio.