TTM Technologies Inc (TTMI)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	297	182,863	70,053	147,644	43,706
Revenue	US$ in thousands	4,422,460	5,009,190	4,431,760	4,364,300	5,294,200
Pretax margin		0.01%	3.65%	1.58%	3.38%	0.83%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $297K ÷ $4,422,460K
= 0.01%

TTM Technologies Inc's pretax margin has displayed fluctuating performance over the past five years. The pretax margin was 0.01% at Dec 31, 2023, a significant decrease from 3.65% in Dec 31, 2022. This decline indicates a decrease in the proportion of pre-tax income relative to the total revenue generated. The pretax margin for 2023 was lower than the margins for both 2021 and 2020, which were 1.58% and 3.38% respectively. However, it was higher than the pretax margin for 2019, which stood at 0.83%. The variation in pretax margin highlights potential shifts in the company's cost structure, pricing strategy, or operational efficiency. Further analysis is necessary to determine the factors driving these changes and to assess the company's overall financial health.