Photronics Inc (PLAB)

Operating profit margin

		Oct 31, 2024	Jul 28, 2024	Apr 28, 2024	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
Operating income (ttm)	US$ in thousands	221,517	230,474	243,590	254,583	253,051	248,807	247,272	229,628	211,868	184,846	149,579	120,985	94,554	76,020	67,494	59,391	63,928	70,419	63,883	60,378
Revenue (ttm)	US$ in thousands	869,022	894,616	899,226	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
Operating profit margin		25.49%	25.76%	27.09%	28.06%	28.30%	28.46%	28.15%	27.00%	24.88%	22.64%	19.40%	16.89%	14.02%	11.91%	10.92%	9.84%	10.49%	11.42%	10.70%	10.31%

October 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $221,517K ÷ $869,022K
= 25.49%

Photronics Inc's operating profit margin has shown a gradual increase over the past few quarters, indicating improved operational efficiency and profitability. From Oct 31, 2024, to Feb 2, 2020, the operating profit margin has generally trended upwards from 25.49% to 10.31%. This suggests that the company has been able to generate more profit from its operations relative to its revenue.

The operating profit margin peaked at 28.46% in Jul 30, 2023, and has since fluctuated slightly before experiencing a downward trend in the more recent quarters. However, even with these fluctuations, the operating profit margin has remained relatively healthy above 10% over the analyzed period.

Overall, the company's ability to maintain an operating profit margin above 10% signifies strong operational performance and effective cost management. It is important for Photronics Inc to continue monitoring and improving its operating profit margin to ensure sustained profitability and long-term success.