Photronics Inc (PLAB)

Gross profit margin

		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	Oct 31, 2019	Jul 28, 2019	Apr 28, 2019
Gross profit (ttm)	US$ in thousands	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	120,841	118,107	123,134
Revenue (ttm)	US$ in thousands	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	550,660	539,064	537,343
Gross profit margin		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%	21.94%	21.91%	22.92%

January 28, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $339,340K ÷ $907,395K
= 37.40%

The gross profit margin of Photronics, Inc. has exhibited a positive trend over the past eight quarters, increasing from 30.46% in Q2 2022 to 37.82% in Q1 2024. This indicates an improvement in the company's ability to generate profit from its core operations after accounting for the cost of goods sold. The consistent uptrend in gross profit margin suggests effective cost management and possibly pricing strategies that have been favorable for Photronics, Inc. It is also worth noting that the company's gross profit margin surpassed the 37% mark in the most recent quarters, reflecting strength in its profitability metrics. Overall, the increasing trend in gross profit margin demonstrates the company's efficiency in managing its production costs and enhancing its overall profitability.