Photronics Inc (PLAB)

Net profit margin

		Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Net income	US$ in thousands	125,485	118,786	55,449	33,820	29,793
Revenue	US$ in thousands	894,116	851,354	674,648	609,090	549,360
Net profit margin		14.03%	13.95%	8.22%	5.55%	5.42%

October 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $125,485K ÷ $894,116K
= 14.03%

The net profit margin of Photronics, Inc. has fluctuated over the past five years. In 2023, the net profit margin was 14.07%, a slight decrease from 14.41% in 2022. This indicates that the company's ability to generate profit from its revenue slightly declined, although it still remains relatively strong. The noticeable increase from 8.35% in 2021 to 14.41% in 2022 suggests an improvement in cost management or an increase in sales, leading to higher profitability. The net profit margin has shown a positive trend overall, reflecting potential efficiency and effective cost control measures. However, it is important for the company to continue monitoring and managing its expenses to sustain and potentially enhance its profitability in the future.