TTM Technologies Inc (TTMI)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	297	65,507	131,929	152,648	182,863	120,393	94,843	90,829	70,053	62,142	-4,222	142,396	147,644	157,066	219,877	45,521	43,706	39,804	54,282	69,364
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
Pretax margin		0.01%	1.36%	2.69%	3.06%	3.65%	2.58%	2.08%	2.02%	1.58%	1.48%	-0.10%	3.43%	3.58%	3.20%	4.30%	0.90%	0.86%	0.76%	1.03%	1.26%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $297K ÷ $4,433,921K
= 0.01%

The pretax margin of TTM Technologies Inc has shown some fluctuations over the period under review, ranging from as low as -0.10% to as high as 4.30%. The pretax margin measures the company's profitability before taxes relative to its total revenue.

In the latest period, TTM Technologies Inc reported a pretax margin of 0.01%, which indicates that for every dollar of revenue generated, the company had a very marginal profit left after accounting for all expenses but before paying taxes.

Looking at the trend over the quarters, the pretax margin has generally been positive, with some quarters showing stronger performance than others. The highest pretax margin was observed in the first quarter of 2020 at 4.30%, suggesting a strong profitability position at that time.

However, there have been instances of fluctuations in the pretax margin over the period, which could be due to various factors such as changes in operating expenses, revenue fluctuations, or one-time expenses impacting profitability.

Overall, a more consistent and increasing pretax margin over time would indicate an improving financial performance for TTM Technologies Inc. Further analysis and consideration of other financial metrics would provide a more comprehensive assessment of the company's financial health and operational efficiency.