Photronics Inc (PLAB)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	315,946	318,526	330,189	339,340	336,162	331,548	328,610	310,428	294,214	265,887	227,349	196,378	167,044	146,988	139,397	130,581	134,654	140,928	133,764	129,341
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
Gross profit margin		36.36%	35.60%	36.72%	37.40%	37.60%	37.92%	37.42%	36.49%	34.55%	32.57%	29.49%	27.42%	24.76%	23.02%	22.55%	21.64%	22.09%	22.85%	22.41%	22.08%

October 31, 2024 calculation

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

The gross profit margin of Photronics Inc has shown fluctuations over the past few quarters. In the most recent quarter ending on October 31, 2024, the gross profit margin was 36.36%, a slight increase from the previous quarter. The trend in gross profit margin has generally been improving since the beginning of 2022, indicating better control over the cost of goods sold relative to revenues.

Although there have been fluctuations, the overall trend seems to be positive. It is important to note that a higher gross profit margin indicates that Photronics Inc is able to generate more profit from its core business operations after accounting for the cost of goods sold. This could be a result of improved operational efficiency, pricing strategies, or a better product mix.

Analyzing the gross profit margin over time provides insights into the company's ability to manage production costs and pricing strategies effectively. Investors and stakeholders may find this trend indicative of the company's overall financial health and management efficiency in generating profits from its primary business activities.