Photronics Inc (PLAB)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 931,062 | 892,640 | 844,133 | 807,677 | 785,450 | 772,211 | 720,116 | 700,816 | 644,652 | 678,055 | 630,345 | 597,779 | 550,616 | 530,464 | 495,608 | 506,112 | 500,139 | 510,641 | 472,271 | 440,904 |
| Total current liabilities | US$ in thousands | 183,811 | 191,126 | 195,567 | 185,289 | 185,223 | 190,652 | 185,168 | 199,331 | 193,797 | 197,114 | 186,471 | 191,094 | 176,148 | 167,617 | 159,287 | 145,531 | 142,939 | 175,309 | 153,372 | 157,654 |
| Current ratio | 5.07 | 4.67 | 4.32 | 4.36 | 4.24 | 4.05 | 3.89 | 3.52 | 3.33 | 3.44 | 3.38 | 3.13 | 3.13 | 3.16 | 3.11 | 3.48 | 3.50 | 2.91 | 3.08 | 2.80 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $931,062K ÷ $183,811K
= 5.07
The current ratio of Photronics Inc has exhibited a generally upward trend over the past two years. As of Oct 31, 2024, the current ratio stands at 5.07, indicating a strong ability to cover its short-term liabilities with current assets. This suggests that the company has a healthy liquidity position and can easily meet its short-term obligations.
The current ratio has shown consistent improvement since Feb 2, 2020, reflecting more efficient management of current assets and liabilities. The ratio peaked at 5.07 as of Oct 31, 2024, marking the highest level in the provided period. This positive trend indicates improving financial health and a reduced risk of liquidity issues for Photronics Inc.
Investors and creditors typically view a current ratio above 2 as desirable, and Photronics Inc's current ratio consistently exceeds this benchmark, signaling a strong liquidity position. Overall, the company's current ratio demonstrates a healthy balance between current assets and liabilities, indicating a robust financial position and the ability to effectively manage its short-term financial obligations.
Peer comparison
Oct 31, 2024