TTM Technologies Inc (TTMI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 413,268 | 457,965 | 372,011 | 359,023 | 377,177 |
| Revenue | US$ in thousands | 4,422,460 | 5,009,190 | 4,431,760 | 4,364,300 | 5,294,200 |
| Gross profit margin | 9.34% | 9.14% | 8.39% | 8.23% | 7.12% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $413,268K ÷ $4,422,460K
= 9.34%
TTM Technologies Inc's gross profit margin has been gradually increasing over the past five years, indicating an improving ability to generate profit from its sales revenue after accounting for the cost of goods sold. The company's gross profit margin has shown a consistent positive trend, with the margin increasing from 7.12% in 2019 to 9.34% in 2023. This suggests that TTM Technologies has been able to enhance its operational efficiency and control over production costs, resulting in a higher proportion of revenue being retained as gross profit. The steady improvement in gross profit margin reflects positively on the company's overall financial health and its ability to effectively manage its cost structure.
Peer comparison
Dec 31, 2023