TTM Technologies Inc (TTMI)

Operating 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
Operating income (ttm)	US$ in thousands	42,316	105,298	165,278	181,072	210,408	145,916	128,373	132,059	125,991	122,089	49,602	31,710	28,092	28,316	89,699	95,695	109,629	82,925	116,344	119,086
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
Operating profit margin		0.95%	2.19%	3.37%	3.63%	4.20%	3.12%	2.81%	2.93%	2.84%	2.90%	1.19%	0.76%	0.68%	0.58%	1.75%	1.89%	2.15%	1.58%	2.20%	2.17%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $42,316K ÷ $4,433,921K
= 0.95%

The operating profit margin of TTM Technologies Inc has displayed some fluctuation over the past few quarters. From December 2019 to December 2023, the operating profit margin ranged from a low of 0.58% to a high of 4.20%. Notably, there was a general upward trend in the operating profit margin from March 2021 to March 2023, where it peaked at 4.20%. However, in the most recent quarter at December 2023, the operating profit margin dropped to 0.95%.

This fluctuation suggests that TTM Technologies Inc may be experiencing changing levels of profitability in its operations. It is important for the company to closely monitor its cost structures, revenue streams, and overall operational efficiency to ensure sustainable profitability in the long run. Further analysis of the underlying factors influencing these fluctuations would provide more insights into the company's operational performance and potential areas for improvement.