Photronics Inc (PLAB)

Gross profit margin

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Gross profit	US$ in thousands	315,946	336,162	294,213	167,044	134,654
Revenue	US$ in thousands	869,022	894,116	851,354	674,648	609,090
Gross profit margin		36.36%	37.60%	34.56%	24.76%	22.11%

October 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $315,946K ÷ $869,022K
= 36.36%

Photronics Inc's gross profit margin has been fluctuating over the past five years. In 2020 and 2021, the company experienced relatively low gross profit margins of 22.11% and 24.76% respectively. However, there has been an improvement in profitability in subsequent years, with the margin reaching 34.56% in 2022 and further increasing to 37.60% in 2023.

Despite these improvements, there was a slight dip in the gross profit margin to 36.36% in 2024. It is worth noting that although the margin decreased compared to the previous year, it remains relatively healthy and above the levels seen in the earlier years.

Overall, the trend suggests that Photronics Inc has managed to enhance its gross profit margin over the years, showcasing efficiency in managing production costs and generating revenue from its operations. This improvement indicates a positive direction for the company's profitability.