TTM Technologies Inc (TTMI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -18,718 | 94,583 | 54,414 | 177,535 | 41,301 |
| Revenue | US$ in thousands | 4,422,460 | 5,009,190 | 4,431,760 | 4,364,300 | 5,294,200 |
| Net profit margin | -0.42% | 1.89% | 1.23% | 4.07% | 0.78% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-18,718K ÷ $4,422,460K
= -0.42%
The net profit margin of TTM Technologies Inc has shown fluctuations over the past five years. In 2023, the company reported a negative net profit margin of -0.42%, indicating that the company's expenses exceeded its revenues, resulting in a loss. This is a significant decline from the previous year's net profit margin of 1.89%.
In 2022, the company's net profit margin was 1.23%, which represents a decrease compared to 4.07% in 2020. The decline in net profit margin suggests that the company's profitability decreased during this period.
The lowest net profit margin was observed in 2019 at 0.78%, indicating relatively lower profitability compared to the following years. Overall, the trend in TTM Technologies Inc's net profit margin shows fluctuations, with a noticeable decrease in recent years, raising potential concerns about the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023