TTM Technologies Inc (TTMI)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	413,268	419,302	434,599	453,165	457,965	433,885	398,497	381,334	372,011	362,662	358,761	359,281	359,023	371,295	367,275	359,693	377,177	345,199	389,525	412,817
Revenue (ttm)	US$ in thousands	4,433,921	4,804,671	4,902,331	4,983,727	5,009,189	4,674,869	4,560,365	4,501,830	4,431,757	4,205,847	4,153,582	4,149,004	4,127,043	4,910,233	5,113,110	5,067,708	5,105,153	5,257,103	5,294,466	5,484,576
Gross profit margin		9.32%	8.73%	8.87%	9.09%	9.14%	9.28%	8.74%	8.47%	8.39%	8.62%	8.64%	8.66%	8.70%	7.56%	7.18%	7.10%	7.39%	6.57%	7.36%	7.53%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $413,268K ÷ $4,433,921K
= 9.32%

TTM Technologies Inc's gross profit margin has shown some fluctuations over the past five years, ranging from a low of 6.57% in December 2019 to a high of 9.32% in December 2023. The company's gross profit margin has generally been in the range of 7% to 9%, with occasional deviations outside this range.

Overall, the trend in TTM Technologies Inc's gross profit margin appears to have a slight uptrend since March 2020, excluding some variability. This may indicate improving efficiency in the company's production and cost management processes, leading to better profitability on each dollar of revenue generated.

It is important to further analyze the reasons behind the fluctuations in gross profit margin to determine the underlying factors driving these changes and assess the company's overall financial health and performance.