TTM Technologies Inc (TTMI)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 3,472,490 | 3,323,660 | 3,323,600 | 3,025,550 | 2,895,940 |
| Operating ROA | 3.34% | 1.27% | 6.33% | 4.16% | 3.90% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $116,043K ÷ $3,472,490K
= 3.34%
TTM Technologies Inc's operating return on assets (ROA) has fluctuated over the years, starting at 3.90% in December 31, 2020, and slightly increasing to 4.16% by December 31, 2021. The ROA significantly improved to 6.33% by December 31, 2022, indicating enhanced efficiency in generating operating profits relative to its assets. However, by December 31, 2023, the operating ROA decreased to 1.27%, suggesting a decline in profitability or possibly inefficiencies in asset utilization. In December 31, 2024, the operating ROA rebounded to 3.34%, showing a moderate recovery. Overall, although the operating ROA has shown fluctuations, monitoring future trends is essential to assess the company's operational efficiency and asset management.
Peer comparison
Dec 31, 2024