Photronics Inc (PLAB)

Total asset 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
Total assets	US$ in thousands	1,712,060	1,645,100	1,603,450	1,582,840	1,526,220	1,503,340	1,451,020	1,441,680	1,315,830	1,349,600	1,331,890	1,335,250	1,294,200	1,281,760	1,265,990	1,232,060	1,188,180	1,195,840	1,133,890	1,125,460
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

October 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $869,022K ÷ $1,712,060K
= 0.51

Photronics Inc's total asset turnover has experienced fluctuations over the past few quarters, ranging from a low of 0.49 to a high of 0.65. The total asset turnover measures the efficiency of the company in generating sales revenue from its total assets.

From the trend observed, there appears to be some variability in how effectively Photronics Inc is utilizing its assets to generate sales. In general, a higher total asset turnover ratio indicates better asset utilization and efficiency in generating sales revenue.

The company saw a significant increase in total asset turnover from the previous quarter, reaching a peak of 0.65. This could signify improved efficiency in utilizing assets to generate revenue during that period. However, the ratio then decreased slightly in the subsequent quarter to 0.60, indicating a potential decrease in asset turnover efficiency.

Overall, it is important for Photronics Inc to closely monitor and manage its total asset turnover ratio to ensure optimal utilization of assets and efficient revenue generation. Any fluctuations in this ratio should be further analyzed to identify underlying reasons and to implement appropriate strategies for improvement.