TTM Technologies (STU:TT1) Receivables Turnover : 1.46 (As of Mar. 2024)

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What is TTM Technologies Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. TTM Technologies's Revenue for the three months ended in Mar. 2024 was €525 Mil. TTM Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was €359 Mil. Hence, TTM Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.46.

TTM Technologies Receivables Turnover Historical Data

The historical data trend for TTM Technologies's Receivables 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 Receivables Turnover Chart

TTM Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.21

4.52

6.08

5.97

4.96

TTM Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.24	1.38	1.48	1.40	1.46

Competitive Comparison of TTM Technologies's Receivables Turnover

For the Electronic Components subindustry, TTM Technologies's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TTM Technologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TTM Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where TTM Technologies's Receivables Turnover falls into.

TTM Technologies Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2047.264	/ (	(446.724	+	379.232)	/	2 )
=	2047.264	/	412.978
=	4.96

TTM Technologies's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	524.504	/ (	(379.232	+	338.134)	/	2 )
=	524.504	/	358.683
=	1.46

TTM Technologies (STU:TT1) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

TTM Technologies Receivables Turnover Related Terms

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TTM Technologies (STU:TT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TTM Technologies Inc (STU:TT1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TTMI:USA 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.

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