Photronics Inc (PLAB)

Operating profit margin

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Operating income	US$ in thousands	221,518	253,050	211,866	94,554	63,928
Revenue	US$ in thousands	869,022	894,116	851,354	674,648	609,090
Operating profit margin		25.49%	28.30%	24.89%	14.02%	10.50%

October 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $221,518K ÷ $869,022K
= 25.49%

The operating profit margin of Photronics Inc has shown a positive trend over the past five years, increasing from 10.50% in 2020 to 25.49% in 2024. This indicates that the company is becoming more efficient in generating profits from its core operations. The upward trend suggests improved cost management, increased revenue generation, or both. The significant improvement in operating profit margin from 2020 to 2024 reflects a strengthening financial performance and may indicate effective business strategies implemented by the company's management.