TTM Technologies Inc (TTMI)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 122,247 | 126,810 | 82,851 | 75,040 | 53,104 | 118,606 | 177,555 | 192,856 | 219,839 | 153,729 | 135,289 | 128,665 | 122,413 | 145,394 | 94,937 | 107,889 | 131,348 | 168,684 | 231,446 | 203,015 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,563,820 | 1,547,110 | 1,528,900 | 1,521,110 | 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 | 1,445,560 | 1,277,200 |
| Return on total capital | 7.82% | 8.20% | 5.42% | 4.93% | 3.51% | 7.90% | 11.50% | 12.62% | 14.32% | 10.10% | 9.18% | 8.89% | 8.41% | 9.91% | 6.46% | 7.48% | 9.10% | 12.05% | 16.01% | 15.90% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $122,247K ÷ ($—K + $1,563,820K)
= 7.82%
TTM Technologies Inc's return on total capital has shown fluctuations over the provided time period. It started at a relatively high level of 15.90% in March 2020, but gradually decreased to 3.51% by the end of December 2023. However, there was a slight improvement in the subsequent periods, reaching 7.82% by the end of December 2024.
The return on total capital indicates how well the company is generating profits from its total invested capital, including both debt and equity. The decreasing trend observed from 2020 to 2023 may suggest challenges in efficiently utilizing the company's capital or managing its assets to generate adequate returns. The slight improvement towards the end of 2024 could indicate potential strategic adjustments to enhance profitability.
Further analysis of the company's operations, capital structure, and investment decisions may be necessary to understand the factors driving the fluctuations in the return on total capital and to identify opportunities for improvement in capital efficiency.
Peer comparison
Dec 31, 2024