TTM Technologies Inc (TTMI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 120,265 | 150,405 | 89,241 | 70,627 | 52,271 | 59,726 | 119,706 | 135,500 | 159,471 | 145,916 | 128,373 | 132,059 | 125,991 | 122,089 | 49,602 | 31,710 | 28,092 | 48,352 | 124,965 | 118,813 |
| Total assets | US$ in thousands | 3,472,490 | 3,418,820 | 3,343,360 | 3,298,810 | 3,323,660 | 3,266,500 | 3,148,490 | 3,176,040 | 3,323,600 | 3,292,890 | 3,214,650 | 3,044,150 | 3,025,550 | 3,047,630 | 3,025,740 | 2,965,830 | 2,895,940 | 3,148,410 | 3,594,670 | 3,524,120 |
| Operating ROA | 3.46% | 4.40% | 2.67% | 2.14% | 1.57% | 1.83% | 3.80% | 4.27% | 4.80% | 4.43% | 3.99% | 4.34% | 4.16% | 4.01% | 1.64% | 1.07% | 0.97% | 1.54% | 3.48% | 3.37% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $120,265K ÷ $3,472,490K
= 3.46%
TTM Technologies Inc's operating return on assets (operating ROA) has shown variability over the periods analyzed. The operating ROA ranged from a low of 0.97% in December 2020 to a high of 4.80% in December 2022.
Overall, TTM Technologies Inc's operating ROA has generally improved from the end of 2020 to the end of 2024, with some fluctuations in between. There was a consistent upward trend from September 2021 to December 2022, where the operating ROA peaked at 4.80%. However, there was a slight decline in the subsequent quarters.
The improvement in operating ROA indicates that TTM Technologies Inc has been able to generate more operating income relative to its total assets during the analyzed periods. This may be attributed to operational efficiency, cost management, revenue growth, or a combination of factors.
It is important for stakeholders to monitor the trend in operating ROA to assess the company's ability to effectively utilize its assets to generate operating income. A sustained increase in operating ROA over time can be a positive indicator of the company's operational performance and efficiency.
Peer comparison
Dec 31, 2024