TTM Technologies Inc (TTMI)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	454,938	431,634	415,016	406,552	401,137	419,302	434,599	453,165	457,965	433,885	398,497	381,334	372,011	362,662	358,761	359,281	359,023	395,599	410,155	394,340
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
Gross profit margin		18.62%	18.28%	17.91%	18.00%	17.97%	18.38%	18.27%	18.43%	18.35%	17.52%	16.87%	16.55%	16.54%	16.68%	16.83%	16.84%	17.05%	17.19%	16.38%	15.36%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $454,938K ÷ $2,442,753K
= 18.62%

TTM Technologies Inc's gross profit margin has shown fluctuating trends over the periods from March 31, 2020, to December 31, 2024. During this period, the gross profit margin ranged from a low of 15.36% in March 31, 2020, to a high of 18.62% in December 31, 2024.

There was a general upward trend in the gross profit margin from the beginning of the period, peaking at 18.62% by the end of December 31, 2024. This indicates an improvement in the company's ability to generate profit from its core production and sales activities as a percentage of revenue.

However, there were fluctuations seen in the gross profit margin within individual quarters, showing some variability in TTM Technologies Inc's ability to manage its cost of goods sold and maintain profitability. It is important for investors and stakeholders to closely monitor these fluctuations to assess the company's operational efficiency and pricing strategies.

Overall, the improving trend in the gross profit margin over the period reflects positively on TTM Technologies Inc's ability to maintain profitability and generate value for its shareholders. This metric is crucial in evaluating the company's operational performance and financial health.