Photronics Inc (PLAB)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 869,022 | 894,616 | 899,226 | 907,395 | 894,050 | 874,282 | 878,280 | 850,609 | 851,526 | 816,396 | 771,044 | 716,233 | 674,649 | 638,551 | 618,137 | 603,369 | 609,691 | 616,661 | 596,878 | 585,684 |
| Receivables | US$ in thousands | 232,729 | 227,317 | 221,048 | 232,158 | 221,832 | 206,128 | 214,464 | 220,692 | 200,861 | 206,495 | — | 170,673 | 198,660 | — | — | 139,708 | 151,009 | — | — | — |
| 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 | — | — | — |
October 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $869,022K ÷ $232,729K
= 3.73
The receivables turnover for Photronics Inc has fluctuated over the past few periods. The company experienced a gradual increase in receivables turnover from February 2020 to January 2021, peaking at 4.32. However, there are missing data points in the timeline, indicating possible gaps in reporting. From January 2021 to July 2022, the receivables turnover remained relatively stable, hovering around 4.00.
There was a slight drop in receivables turnover in the most recent period reported (October 2024), standing at 3.73. Overall, the trend suggests that Photronics Inc has been able to efficiently convert its accounts receivable into cash, albeit with some fluctuations. It is crucial for the company to monitor and manage its receivables effectively to ensure a healthy cash flow and liquidity position.
Peer comparison
Oct 31, 2024