TTM Technologies Inc (TTMI)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	-18,718	-30,039	50,555	71,523	94,583	96,953	74,383	74,852	54,414	84,987	22,578	175,517	177,535	163,834	221,155	43,379	41,301	68,524	79,655	160,235
Total assets	US$ in thousands	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	3,560,930	3,498,360	3,440,110	3,414,280
ROA		-0.56%	-0.92%	1.61%	2.25%	2.85%	2.94%	2.31%	2.46%	1.80%	2.79%	0.75%	5.92%	6.13%	5.20%	6.15%	1.23%	1.16%	1.96%	2.32%	4.69%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-18,718K ÷ $3,323,660K
= -0.56%

TTM Technologies Inc's return on assets (ROA) has shown fluctuations over the historical period provided. The ROA is a measure of how efficiently the company is utilizing its assets to generate profit.

The ROA for TTM Technologies Inc for the most recent quarter was -0.56%, indicating that the company generated a negative return on its assets in that period. This may raise concerns about the company's asset utilization and profitability.

Looking at the trend over the past quarters, we observe that the ROA has generally been positive, with fluctuations occurring. The ROA peaked at 6.15% in the first quarter of 2020 and has shown variability since then, with both positive and negative returns.

It is important to analyze the factors contributing to the negative ROA in the most recent quarter and assess whether this is a one-time event or a potential ongoing issue. Additionally, comparing TTM Technologies Inc's ROA to industry benchmarks can provide further insights into its performance relative to its peers.