TTM Technologies Inc (TTMI)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 9.34% | 9.14% | 8.39% | 8.23% | 7.12% |
| Operating profit margin | 0.96% | 4.20% | 2.84% | 0.64% | 2.07% |
| Pretax margin | 0.01% | 3.65% | 1.58% | 3.38% | 0.83% |
| Net profit margin | -0.42% | 1.89% | 1.23% | 4.07% | 0.78% |
TTM Technologies Inc's profitability ratios show mixed performance over the past five years. The gross profit margin has been gradually increasing, indicating the company's ability to control direct production costs and generate higher profit on sales.
However, the operating profit margin has been quite volatile, with a significant drop in 2023 compared to 2022. This suggests fluctuations in the company's operating expenses and efficiency in managing its core operations.
The pretax margin has also shown inconsistency, with a notable decline in 2023 compared to 2022. This indicates that TTM Technologies Inc's pre-tax profitability has been impacted by various factors such as taxes, interest expenses, and other non-operating items.
The net profit margin, although positive in most years, has shown a decrease in 2023, turning negative. This implies that the company's bottom-line profitability has been affected by factors beyond operating activities, potentially leading to a net loss in 2023.
Overall, TTM Technologies Inc's profitability ratios reflect a mixed performance, with improvements in gross profit margin but volatility in operating profit margin and declining margins at the net profit level. Further analysis is needed to understand the underlying reasons for these fluctuations and to assess the company's overall financial health.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 1.27% | 6.33% | 4.16% | 0.97% | 3.08% |
| Return on assets (ROA) | -0.56% | 2.85% | 1.80% | 6.13% | 1.16% |
| Return on total capital | 2.00% | 9.46% | 4.85% | 9.66% | 5.02% |
| Return on equity (ROE) | -1.24% | 6.16% | 3.74% | 12.29% | 3.23% |
TTM Technologies Inc's profitability ratios have shown fluctuations over the past five years. The operating return on assets (Operating ROA) has ranged from a low of 0.97% in 2020 to a high of 6.33% in 2022, with a value of 1.27% in 2023. This ratio indicates the company's ability to generate profits from its assets before interest and taxes.
The return on assets (ROA) reflects a negative figure of -0.56% in 2023 following positive values in the previous years, ranging from 1.16% in 2019 to 6.13% in 2020. ROA measures the company's efficiency in generating profits from its total assets.
The return on total capital has also varied, with the lowest value of 2.00% in 2023 and the highest of 9.66% in 2020. This ratio evaluates the returns generated on the total invested capital, including both equity and debt.
Lastly, the return on equity (ROE) dropped to -1.24% in 2023 after reaching a peak of 12.29% in 2019. ROE measures the company's ability to generate profits from shareholders' equity.
Overall, TTM Technologies Inc's profitability ratios indicate fluctuating performance levels in recent years, reflecting changes in how effectively the company is generating profits from its assets, capital, and equity. It is essential for the company to focus on enhancing its operational efficiency and profitability to ensure sustainable growth and maximize shareholder value in the future.