TTM Technologies Inc (TTMI)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	42,316	210,408	125,991	28,092	109,629
Revenue	US$ in thousands	4,422,460	5,009,190	4,431,760	4,364,300	5,294,200
Operating profit margin		0.96%	4.20%	2.84%	0.64%	2.07%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $42,316K ÷ $4,422,460K
= 0.96%

TTM Technologies Inc's operating profit margin has exhibited fluctuations over the past five years. In 2023, the operating profit margin decreased significantly to 0.96%, a notable decline from 4.20% in 2022. This indicates a considerable decrease in the company's profitability relative to its revenue in the most recent year. The 2023 operating profit margin of 0.96% is lower than the margins reported in 2021 and 2019, indicating a decline in profitability compared to those years as well. It is essential for the company to closely monitor and manage its operating expenses and revenues to improve its operating profit margin and overall financial performance in the future.