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.