Photronics Inc (PLAB)

Net 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
Net income (ttm)	US$ in thousands	137,679	125,485	117,934	122,205	109,708	118,786	101,537	87,383	70,477	55,449	42,098	35,798	31,556	33,820	37,060	32,631	34,826	29,793	32,580	39,238
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
Net profit margin		15.17%	14.04%	13.49%	13.91%	12.90%	13.95%	12.44%	11.33%	9.84%	8.22%	6.59%	5.79%	5.23%	5.55%	6.01%	5.47%	5.95%	5.41%	6.04%	7.30%

January 28, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $137,679K ÷ $907,395K
= 15.17%

The net profit margin of Photronics, Inc. has displayed fluctuating trends over the past eight quarters. The net profit margin in Q1 2024 stood at 15.34%, exhibiting an increase compared to the previous quarter. This indicates that for every dollar of revenue generated, the company retained 15.34 cents as profit after deducting all expenses.

In general, the net profit margin has been relatively strong, consistently above 10% in recent quarters. The margins have shown some variability, with the highest observed in Q1 2023 at 14.41% and the lowest in Q2 2022 at 11.71%. The upward and downward movements suggest some level of variability in the company's profitability over time.

Overall, the company's ability to control costs and generate profits has been solid, with the recent uptick in the net profit margin being a positive indicator. This metric reflects the company's efficiency in managing expenses and converting revenue into profits, a critical aspect of financial performance. Further analysis and monitoring of the net profit margin will be necessary to assess the company's profitability sustainability in the future.