TTM Technologies Inc (TTMI)
Working capital 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 current assets | US$ in thousands | 1,606,740 | 1,429,690 | 1,493,060 | 1,407,410 | 1,221,580 |
| Total current liabilities | US$ in thousands | 809,054 | 703,984 | 761,325 | 558,148 | 518,046 |
| Working capital turnover | 3.06 | 3.08 | 3.41 | 2.65 | 2.99 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,442,750K ÷ ($1,606,740K – $809,054K)
= 3.06
According to the data provided, TTM Technologies Inc's working capital turnover has shown some fluctuations over the years. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
In 2020, the working capital turnover was 2.99, indicating that for every dollar of working capital, the company generated $2.99 in sales. This ratio decreased slightly to 2.65 in 2021, which may suggest a decrease in efficiency in utilizing working capital to generate revenue.
However, the ratio improved in the following years, reaching 3.41 in 2022, 3.08 in 2023, and remaining stable at 3.06 in 2024. These increases indicate that the company became more efficient in utilizing its working capital to generate sales revenue during these years.
Overall, the trend in TTM Technologies Inc's working capital turnover shows some variability but generally indicates an improvement in efficiency in using working capital to drive sales over the years.
Peer comparison
Dec 31, 2024