Photronics Inc (PLAB)
Quick ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 598,485 | 499,292 | 319,680 | 276,670 | 278,665 |
| Short-term investments | US$ in thousands | 42,184 | 12,915 | 38,820 | 0 | — |
| Receivables | US$ in thousands | 232,729 | 221,832 | 200,861 | 198,660 | 151,009 |
| Total current liabilities | US$ in thousands | 183,811 | 185,223 | 193,797 | 176,148 | 142,939 |
| Quick ratio | 4.75 | 3.96 | 2.89 | 2.70 | 3.01 |
October 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($598,485K
+ $42,184K
+ $232,729K)
÷ $183,811K
= 4.75
The quick ratio of Photronics Inc has exhibited a generally increasing trend over the past five years, indicating an improving short-term liquidity position. In the most recent fiscal year ending October 31, 2024, the quick ratio stood at 4.75, reflecting a significant enhancement in the company's ability to meet its short-term obligations using its most liquid assets. This represents a notable increase compared to the previous year where the quick ratio was 3.96.
The current quick ratio of 4.75 indicates that Photronics Inc holds $4.75 in liquid assets for every $1 of current liabilities, suggesting a strong liquidity position that may allow the company to easily cover its short-term financial obligations. The consistent improvement in the quick ratio over the years highlights the company's efficient management of its current assets and liabilities, which is a positive sign for investors and creditors.
Peer comparison
Oct 31, 2024