Photronics Inc (PLAB)
Total asset turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 869,022 | 894,116 | 851,354 | 674,648 | 609,090 |
| Total assets | US$ in thousands | 1,712,060 | 1,526,220 | 1,315,830 | 1,294,200 | 1,188,180 |
| Total asset turnover | 0.51 | 0.59 | 0.65 | 0.52 | 0.51 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $869,022K ÷ $1,712,060K
= 0.51
The total asset turnover for Photronics Inc has fluctuated over the last five years, ranging from 0.51 to 0.65. The highest total asset turnover was recorded in Oct 31, 2022, indicating that the company generated $0.65 in sales for every $1 of total assets. This suggests that Photronics Inc was more efficient in utilizing its assets to generate revenue during that period. However, in the following year, the total asset turnover decreased to 0.52, showing a slight decline in asset efficiency.
Overall, the company's total asset turnover has been somewhat inconsistent, with fluctuations in performance. It is important for Photronics Inc to monitor and improve its asset turnover ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Oct 31, 2024