Photronics Inc (PLAB)

Net profit margin

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Net income	US$ in thousands	130,688	125,485	118,786	55,449	33,820
Revenue	US$ in thousands	869,022	894,116	851,354	674,648	609,090
Net profit margin		15.04%	14.03%	13.95%	8.22%	5.55%

October 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $130,688K ÷ $869,022K
= 15.04%

The net profit margin of Photronics Inc has been showing a generally positive trend over the past five years. The margin has increased from 5.55% in 2020 to 15.04% in 2024, indicating an improving profitability for the company. This steady improvement suggests that Photronics Inc has been effectively managing its costs and expenses relative to its revenue, resulting in a higher proportion of profit from its operations. The latest net profit margin of 15.04% in 2024 is a positive sign of the company's financial performance and efficiency in generating profit from its sales.