TTM Technologies Inc (TTMI)

Total asset 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
Total assets	US$ in thousands	3,323,660	3,266,500	3,148,490	3,176,040	3,323,600	3,292,890	3,214,650	3,044,150	3,025,550	3,047,630	3,025,740	2,965,830	2,895,940	3,148,410	3,594,670	3,524,120	3,560,930	3,498,360	3,440,110	3,414,280
Total asset turnover		1.33	1.47	1.56	1.57	1.51	1.42	1.42	1.48	1.46	1.38	1.37	1.40	1.43	1.56	1.42	1.44	1.43	1.50	1.54	1.61

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,433,921K ÷ $3,323,660K
= 1.33

TTM Technologies Inc's total asset turnover ratio has been fluctuating over the past few years, ranging from a low of 1.33 to a high of 1.61. The total asset turnover ratio measures the efficiency of the company in generating sales from its assets.

A total asset turnover ratio of 1.33 indicates that for every dollar of assets the company holds, it generates $1.33 in sales. An increasing trend in the total asset turnover ratio suggests that the company is becoming more efficient in managing its assets to generate sales.

TTM Technologies Inc's total asset turnover ratio has shown some variability, which could be due to changes in sales volume, asset utilization, or a combination of both factors. It is important for investors and stakeholders to monitor this ratio over time to assess the company's ability to generate revenue from its assets efficiently.