TTM Technologies Inc (TTMI)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,511,040	1,501,110	1,544,310	1,527,730	1,535,580	1,522,470	1,474,080	1,447,830	1,455,420	1,466,590	1,470,370	1,442,470	1,444,010	1,399,300	1,433,960	1,277,200	1,279,040	1,247,350	1,229,080	1,226,860
ROE		-1.24%	-2.00%	3.27%	4.68%	6.16%	6.37%	5.05%	5.17%	3.74%	5.79%	1.54%	12.17%	12.29%	11.71%	15.42%	3.40%	3.23%	5.49%	6.48%	13.06%

December 31, 2023 calculation

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

TTM Technologies Inc's Return on Equity (ROE) has shown fluctuating performance over the past several quarters. The ROE for the company has been in negative territory, with values of -1.24% and -2.00% for the most recent quarters, indicating that the company is not effectively utilizing its equity to generate profits.

In the preceding quarters, the ROE figures ranged from 3.27% to 15.42%. While the ROE improved in the earlier quarters of 2022 and 2021, it dropped significantly more recently. This downward trend could suggest challenges in profitability and efficiency in recent operations.

Overall, TTM Technologies Inc's ROE performance has been inconsistent, with periods of both positive and negative returns. It is essential for stakeholders to monitor the company's financial performance closely to understand the factors driving these fluctuations and how management plans to address them in the future.