TTM Technologies Inc (TTMI)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 131,464 | 45,178 | 174,227 | 104,256 | 17,937 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,563,820 | 1,511,040 | 1,535,580 | 1,455,420 | 1,444,010 |
| Return on total capital | 8.41% | 2.99% | 11.35% | 7.16% | 1.24% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $131,464K ÷ ($—K + $1,563,820K)
= 8.41%
TTM Technologies Inc's return on total capital has shown fluctuations over the years. The return on total capital increased steadily from 1.24% as of December 31, 2020, to 11.35% as of December 31, 2022, indicating an improvement in the company's ability to generate profits relative to its total capital employed.
However, there was a significant decline in the return on total capital to 2.99% as of December 31, 2023. This decrease may suggest a potential decrease in efficiency or profitability during that period.
The return on total capital recovered in the following year, reaching 8.41% as of December 31, 2024, but it remained below the peak level recorded in 2022. It is important for stakeholders to monitor the trend in return on total capital to assess the company's performance in utilizing its total capital effectively to generate returns for shareholders.
Peer comparison
Dec 31, 2024