TTM Technologies Inc (TTMI)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	2,442,753	2,360,827	2,316,871	2,258,243	2,232,567	2,280,684	2,379,182	2,458,223	2,495,046	2,476,031	2,361,735	2,303,568	2,248,740	2,174,401	2,131,193	2,134,108	2,105,322	2,300,773	2,504,014	2,566,754
Total assets	US$ in thousands	3,472,490	3,418,820	3,343,360	3,298,810	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
Total asset turnover		0.70	0.69	0.69	0.68	0.67	0.70	0.76	0.77	0.75	0.75	0.73	0.76	0.74	0.71	0.70	0.72	0.73	0.73	0.70	0.73

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,442,753K ÷ $3,472,490K
= 0.70

TTM Technologies Inc's total asset turnover has exhibited a somewhat fluctuating trend over the periods analyzed. The ratio ranged from 0.67 to 0.77, indicating the firm's ability to generate sales from its total assets. A higher total asset turnover ratio generally indicates that the company is more efficient in utilizing its assets to generate revenue.

Between March 31, 2020, and June 30, 2022, the total asset turnover remained relatively stable around 0.70 to 0.76, reflecting consistent asset utilization for revenue generation. Notable improvements were observed in the later periods, with the ratio reaching 0.77 by March 31, 2023, suggesting increased efficiency in asset management.

While there was a slight decline in the ratio by December 31, 2023, followed by fluctuation around 0.69 to 0.70 until December 31, 2024, the overall trend signifies that TTM Technologies Inc has been successful in efficiently leveraging its assets to drive sales. Continued monitoring of this ratio will be essential to assess the company's ongoing efficiency in asset turnover.