TTM Technologies Inc (TTMI)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 3,323,660 | 3,323,600 | 3,025,550 | 2,895,940 | 3,560,930 |
| Operating ROA | 1.27% | 6.33% | 4.16% | 0.97% | 3.08% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $42,316K ÷ $3,323,660K
= 1.27%
Operating ROA measures a company's operating income generated per dollar of assets. TTM Technologies Inc's operating ROA has fluctuated over the past five years. In 2023, the operating ROA decreased to 1.27% from 6.33% in 2022. This decline suggests that the company's ability to generate operating income from its assets decreased significantly. In 2021, the operating ROA was 4.16%, showing a moderate performance compared to previous years. However, in 2020 and 2019, the operating ROA was lower at 0.97% and 3.08%, respectively.
Overall, TTM Technologies Inc's operating ROA trend has been inconsistent, indicating varying levels of operational efficiency and profitability over the years. Further analysis and comparison with industry peers may provide more insights into the company's performance and competitive position.
Peer comparison
Dec 31, 2023