Photronics Inc (PLAB)
Payables turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 632,082 | 628,604 | 597,601 | 558,970 | 533,262 |
| Payables | US$ in thousands | 78,717 | 84,024 | 79,566 | 81,534 | 75,378 |
| Payables turnover | 8.03 | 7.48 | 7.51 | 6.86 | 7.07 |
October 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $632,082K ÷ $78,717K
= 8.03
The payables turnover ratio of Photronics Inc has shown a positive trend over the past five years. In particular, the company's payables turnover ratio increased from 7.07 in 2020 to 8.03 in 2024, reflecting an improvement in the efficiency of managing its accounts payables. This indicates that Photronics Inc is paying its suppliers more frequently within the same period, which may suggest effective cash flow management and potentially strong supplier relationships. Overall, the rising trend in payables turnover ratio signals a positive aspect of the company's financial performance and operational efficiency in managing its payables.
Peer comparison
Oct 31, 2024