TTM Technologies (TTM Technologies) Inventory Turnover : 2.16 (As of Dec. 2023)

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What is TTM Technologies Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. TTM Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $454 Mil. TTM Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was $210 Mil. TTM Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TTM Technologies's Days Inventory for the three months ended in Dec. 2023 was 42.16.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. TTM Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

TTM Technologies Inventory Turnover Historical Data

The historical data trend for TTM Technologies's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TTM Technologies Inventory Turnover Chart

TTM Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.74

15.22

15.43

13.66

9.48

TTM Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.64	2.64	2.46	2.34	2.16

TTM Technologies Inventory Turnover Calculation

TTM Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1819.299	/ (	(170.639	+	213.075)	/	2 )
=	1819.299	/	191.857
=	9.48

TTM Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	453.671	/ (	(206.176	+	213.075)	/	2 )
=	453.671	/	209.6255
=	2.16

TTM Technologies (NAS:TTMI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

TTM Technologies's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	209.6255	/	453.671	*	365 / 4
	=	42.16

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

TTM Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	209.6255	/	569.039
	=	0.37

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

TTM Technologies Inventory Turnover Related Terms

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TTM Technologies (TTM Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TTM Technologies Inc (NAS:TTMI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TT1:Germany

Address

200 East Sandpointe, Suite 400, Santa Ana, CA, USA, 92707

Website

https://www.ttm.com

TTM Technologies Inc manufactures printed circuit boards. The company is based in the United States and derives roughly half of its revenue domestically. The company organizes itself into two segments: printed circuit boards and RF&S Components. The printed circuit boards segment, which contributes the majority of revenue, offers a range of printed circuit boards as well as layout design and simulation, and testing services. TTM Technologies' products are used in manufacturing, networking, telecommunications, computing, aerospace, and medical fields.

Executives

Robert P. Farrell	officer: President C&C	200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Shawn A. Powers	officer: EVP, Human Resources	1665 SCENIC AVENUE SUITE 250, COSTA MESA CA 92626
Daniel L. Boehle	officer: EVP of Finance	C/O AEROJET ROCKETDYNE HOLDINGS, INC., 222 N. SEPULVEDA BOULEVARD, SUITE 500, EL SEGUNDO CA 90245
Dale Martin Knecht	officer: SVP Information Technology	200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Daniel J Weber	officer: See Remarks	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Catherine A Gridley	officer: SVP & President of A&D BU	200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Tony Sanchez	officer: Vice President & Controller	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Tom Clapprood	officer: President A&D Radar Systems	200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
Todd B Schull	officer: Executive Vice President	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Philip Titterton	officer: See Remarks	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Tai Keung Chung	officer: See Remarks	NO. 4 DAI SHUN STREET, TAI PO INDUSTRIAL ESTATE, TAI PO, NT,, HONG KONG K3 00000
Pamela B. Jackson	director	200 EAST SANDPOINTE, SUITE 400, SANTA ANA CA 92707
William Kent Hardwick	officer: SVP Global Sales and EMS	5 KENTWOOD COURT, SCOTTS VALLEY CA 95066
Douglas L Soder	officer: Executive Vice President	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Jeff Jankowsky	officer: President, C&C BU	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626