How do you interpret corporate — capitalized computer software impairments?

Frequent or large impairments suggest poor planning or execution in corporate-wide digital infrastructure projects.

How does corporate — capitalized computer software impairments compare across companies?

Similar to 'Intangible Asset Impairment' reported by peers in the electronics and aerospace supply chain.

TTM Technologies TTMI Corporate — Capitalized Computer Software Impairments

Discontinued — last reported Q1 '16

Similar metrics at other companies

IRMCorporate And Other — Capitalized Computer Software Impairments

$0—

IRMCorporate And Other — Capitalized Computer Software Impairments1

$0—

HSICGlobal Technology — Capitalized Computer Software Impairments1

$3M—

IRMInternational Business — Capitalized Computer Software Impairments

$0—

IRMNorth American Records And Information Management Business — Capitalized Computer Software Impairments

$0-100%

IRMNorth American Records And Information Management Business — Capitalized Computer Software Impairments1

$458.25K—

Other financials

Income statement

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Revenue$846.0M+30.4%

Gross profit$181.2M+38.3%

Operating income$72.4M+44.1%

Net income$50.0M+55.3%

EPS (diluted)$0.47+51.6%

Balance sheet

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Cash & equivalents$410.0M-0.3%

Total debt$1.0B+2.9%

Total equity$1.8B+15.8%

Total assets$4.0B+15.2%

Cash flow

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Operating cash flow$21.7M+304%

CapEx$106.8M+68.7%

Free cash flow-$85.1M-15.0%

Valuation

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Market cap$22.48B+385%

Enterprise value$23.12B+299%

P/E115.1×+55.8×

P/S7.2×+5.4×

Profitability

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Gross margin21%+1.0pp

Operating margin9.2%+3.3pp

Net margin6.3%+3.2pp

FCF margin-0.7%—

Returns & leverage

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Return on equity11.4%+6.4pp

Debt / equity0.6×-0.1×

Current ratio1.9×-0.2×

Where this comes from

Reported directly by TTM Technologies in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedComputerSoftwareImpairments.

The official record: TTM Technologies’s 10-Q, filed May 6, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate — capitalized computer software impairments mean?: The reduction in value of corporate-level software assets that are no longer expected to be useful.
How do you interpret corporate — capitalized computer software impairments?: Frequent or large impairments suggest poor planning or execution in corporate-wide digital infrastructure projects.
How does corporate — capitalized computer software impairments compare across companies?: Similar to 'Intangible Asset Impairment' reported by peers in the electronics and aerospace supply chain.