Photronics Inc (PLAB)

Payables turnover

		Oct 31, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 31, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 31, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020
Cost of revenue (ttm)	US$ in thousands	632,082	629,980	630,135	632,172	628,603	612,875	610,194	453,612	448,183	448,599	436,955	569,791	558,980	546,573	538,928	529,500	533,262	533,307	520,506	513,737
Payables	US$ in thousands	78,717	89,013	94,745	86,925	84,024	101,525	92,672	84,818	79,566	82,234	78,341	94,914	81,534	75,640	83,292	70,870	75,378	94,530	76,293	84,707
Payables turnover		8.03	7.08	6.65	7.27	7.48	6.04	6.58	5.35	5.63	5.46	5.58	6.00	6.86	7.23	6.47	7.47	7.07	5.64	6.82	6.06

October 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $632,082K ÷ $78,717K
= 8.03

The payables turnover ratio for Photronics Inc has fluctuated over the past several reporting periods, ranging from 5.35 to 8.03. The payables turnover indicates the efficiency with which a company pays its suppliers. A higher ratio generally suggests that the company is paying its suppliers more quickly.

Based on the data provided, it can be observed that there is some variability in the payables turnover ratio, which may indicate changes in the company's payment practices or supplier relationships. The ratio has generally been above 5, which suggests that Photronics Inc is effectively managing its accounts payable and promptly settling its obligations to suppliers.

Overall, the trend in the payables turnover ratio for Photronics Inc shows some fluctuations but remains within a reasonable range, indicating a consistent approach to managing its payables. Further analysis would be needed to assess the impact of these fluctuations on the company's financial health and supplier relationships.