TTM Technologies Inc (TTMI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,442,750 | 2,232,570 | 2,495,050 | 2,248,740 | 2,105,320 |
| Total assets | US$ in thousands | 3,472,490 | 3,323,660 | 3,323,600 | 3,025,550 | 2,895,940 |
| Total asset turnover | 0.70 | 0.67 | 0.75 | 0.74 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,442,750K ÷ $3,472,490K
= 0.70
The total asset turnover ratio for TTM Technologies Inc has shown a slight upward trend over the past five years, from 0.73 in December 31, 2020, to 0.70 in December 31, 2024. This metric indicates the company's ability to generate sales revenue relative to its total assets.
While the ratio increased initially, it dipped in December 31, 2023, but recovered in December 31, 2024. A total asset turnover ratio below 1 may suggest that the company is not efficiently utilizing its assets to generate sales.
Overall, the trend in TTM Technologies Inc's total asset turnover ratio suggests that the company may be improving its asset utilization efficiency over the years, albeit with some fluctuations. It is important for the company to continue monitoring and managing its asset turnover to ensure optimal performance and profitability.
Peer comparison
Dec 31, 2024