TTM Technologies Inc (TTMI)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	116,043	42,316	210,408	125,991	112,843
Revenue	US$ in thousands	2,442,750	2,232,570	2,495,050	2,248,740	2,105,320
Operating profit margin		4.75%	1.90%	8.43%	5.60%	5.36%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $116,043K ÷ $2,442,750K
= 4.75%

Based on the data provided, TTM Technologies Inc's operating profit margin has shown varying trends over the years. In December 31, 2020, the operating profit margin was at 5.36%, which slightly increased to 5.60% by the end of December 31, 2021.

A notable improvement was seen in December 31, 2022, with the operating profit margin increasing to 8.43%. However, in December 31, 2023, there was a significant decrease in the operating profit margin to 1.90%, indicating potential challenges or inefficiencies in the company's operations during that period.

By December 31, 2024, there was a partial recovery as the operating profit margin increased to 4.75%. It is essential for TTM Technologies Inc to closely evaluate the factors influencing these fluctuations and take necessary actions to maintain or improve its operating profit margin in the future.