TTM Technologies Inc (TTMI)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-18,718	94,583	54,414	177,535	41,301
Total stockholders’ equity	US$ in thousands	1,511,040	1,535,580	1,455,420	1,444,010	1,279,040
ROE		-1.24%	6.16%	3.74%	12.29%	3.23%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $-18,718K ÷ $1,511,040K
= -1.24%

TTM Technologies Inc's return on equity (ROE) has fluctuated over the past five years. In 2019, the ROE was 3.23%, showing a relatively low return on the shareholders' equity. However, in 2020, there was a significant improvement, with the ROE jumping to 12.29%, indicating a strong performance in utilizing equity to generate profits. The following year, in 2021, the ROE declined slightly to 3.74%, but it improved again in 2022 to 6.16%.

Unfortunately, in 2023, there was a significant decline in ROE, turning negative at -1.24%. This negative ROE indicates that the company's net income was not sufficient to cover the shareholders' equity, which could be concerning for investors as it implies a loss being incurred on shareholder investments.

Overall, TTM Technologies Inc's ROE has shown variability over the years, indicating fluctuations in the company's ability to generate profit from the shareholders' equity. Investors and analysts would need to further investigate the reasons behind the declining trend in ROE in order to assess the company's financial health and performance accurately.