TTM Technologies Inc (TTMI)
Working capital 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 current assets | US$ in thousands | 1,606,740 | 1,524,830 | 1,452,630 | 1,406,110 | 1,429,690 | 1,316,240 | 1,291,510 | 1,378,100 | 1,493,060 | 1,439,230 | 1,380,880 | 1,434,180 | 1,407,410 | 1,423,350 | 1,404,520 | 1,332,640 | 1,221,580 | 1,486,180 | 1,871,910 | 1,751,790 |
Total current liabilities | US$ in thousands | 809,054 | 763,250 | 712,100 | 671,207 | 703,984 | 688,286 | 602,384 | 627,751 | 761,325 | 742,890 | 722,309 | 586,566 | 558,148 | 567,442 | 554,750 | 509,154 | 518,046 | 787,322 | 1,197,460 | 904,363 |
Working capital turnover | 3.06 | 3.10 | 3.13 | 3.07 | 3.08 | 3.63 | 3.45 | 3.28 | 3.41 | 3.56 | 3.59 | 2.72 | 2.65 | 2.54 | 2.51 | 2.59 | 2.99 | 3.29 | 3.71 | 3.03 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,442,753K ÷ ($1,606,740K – $809,054K)
= 3.06
TTM Technologies Inc's working capital turnover has exhibited fluctuations over the periods analyzed. The ratio peaked at 3.71 in June 2020 and then experienced a decline before trending back up to 3.59 in June 2022. Despite some variability, the general trend suggests that the company efficiently utilizes its working capital to generate sales. It is important to note that a higher working capital turnover indicates that the company is effectively managing its working capital in relation to its sales, which is a positive signal for investors. The slight fluctuations in the ratio should be further investigated to understand the underlying reasons and assess the company's overall financial health.
Peer comparison
Dec 31, 2024