Photronics Inc (PLAB)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 11.18 11.36 11.61 12.47 12.58 11.07 11.11 8.59 8.83 8.92 7.54 9.19 10.12 10.28 9.56 9.39 9.31 9.74 9.14 10.34
Receivables turnover 3.73 3.94 4.07 3.91 4.03 4.24 4.10 3.85 4.24 3.95 — 4.20 3.40 — — 4.32 4.04 — — —
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
Working capital turnover 1.16 1.28 1.39 1.46 1.49 1.50 1.64 1.70 1.89 1.70 1.74 1.76 1.80 1.76 1.84 1.67 1.71 1.84 1.87 2.07

Photronics Inc's activity ratios show the efficiency of the company in managing its operations and working capital.

- Inventory turnover has been relatively stable, indicating that the company is effectively managing its inventory levels and converting them into sales. A higher turnover is generally favorable as it suggests efficient inventory management.

- Receivables turnover has also remained consistent, reflecting the company's ability to collect its receivables from sales. A higher turnover signifies that the company is efficient in collecting payments from customers.

- Payables turnover has shown some fluctuations but has generally remained moderate. This ratio indicates how quickly the company is paying its suppliers. A lower turnover might suggest favorable credit terms from suppliers or efficient working capital management.

- Working capital turnover has fluctuated over the period, but has generally remained at levels indicating that Photronics is utilizing its working capital efficiently to generate sales. A higher turnover shows that the company is generating more revenue per unit of working capital.

Overall, the activity ratios of Photronics Inc reflect a steady efficiency in managing its assets and working capital to support its operations and drive sales.

Average number of days

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
Days of inventory on hand (DOH) days 32.64 32.14 31.43 29.26 29.01 32.98 32.86 42.48 41.33 40.94 48.40 39.70 36.08 35.50 38.19 38.88 39.20 37.46 39.95 35.29
Days of sales outstanding (DSO) days 97.75 92.74 89.72 93.39 90.56 86.06 89.13 94.70 86.10 92.32 — 86.98 107.48 — — 84.51 90.40 — — —
Number of days of payables days 45.46 51.57 54.88 50.19 48.79 60.46 55.43 68.25 64.80 66.91 65.44 60.80 53.24 50.51 56.41 48.85 51.59 64.70 53.50 60.18

The Days of Inventory on Hand (DOH) for Photronics Inc has remained relatively stable over the past few quarters, ranging between 29.01 days and 48.40 days. This indicates that the company maintains its inventory for an average of approximately one month to one and a half months before selling it. The trend suggests efficient inventory management, with a slight decrease in recent quarters.

The Days of Sales Outstanding (DSO) have fluctuated more significantly, ranging from 86.06 days to 107.48 days. This metric reflects the average number of days it takes for the company to collect revenues from its customers. Although there are fluctuations, there appears to be a slight downward trend in the most recent quarters, indicating potential improvements in accounts receivable collection processes.

The Number of Days of Payables for Photronics Inc has also varied from 45.46 days to 68.25 days. This metric represents the average number of days it takes for the company to pay its suppliers. The trend shows some volatility, with a slight increase noted in recent quarters, suggesting potential delays in payments to suppliers.

Overall, from the activity ratios analysis, it can be inferred that Photronics Inc is managing its inventory efficiently, making improvements in accounts receivable collection, but may need to address potential delays in payments to suppliers for better working capital management.

Long-term

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
Fixed asset turnover 1.17 1.24 1.23 1.22 1.26 1.25 1.25 1.20 1.32 1.27 1.17 1.03 0.97 0.91 0.86 0.90 0.97 0.99 0.99 0.94
Total asset turnover 0.51 0.54 0.56 0.57 0.59 0.58 0.61 0.59 0.65 0.60 0.58 0.54 0.52 0.50 0.49 0.49 0.51 0.52 0.53 0.52

Photronics Inc's long-term activity ratios show the efficiency of the company in utilizing its fixed and total assets to generate sales revenue.

The fixed asset turnover ratio has been relatively stable over the periods analyzed, ranging from 0.86 to 1.32. This ratio indicates that, on average, Photronics Inc generates sales revenue equal to 0.86 to 1.32 times the value of its fixed assets. A higher ratio suggests better utilization of fixed assets to generate sales.

The total asset turnover ratio, on the other hand, shows a decreasing trend over the periods, ranging from 0.49 to 0.65. This indicates that, on average, Photronics Inc generates sales revenue equal to 0.49 to 0.65 times the value of its total assets. A declining ratio may suggest inefficiency in utilizing the company's total assets to generate sales.

Overall, Photronics Inc's fixed asset turnover is relatively stable, but the declining trend in total asset turnover indicates a potential inefficiency in utilizing total assets to generate sales revenue. Further analysis is needed to understand the factors influencing these trends and to identify opportunities for improvement in asset utilization.