Photronics Inc (PLAB)

Operating 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
Operating income (ttm)	US$ in thousands	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	52,122	48,660	55,700
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
Operating profit margin		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%	9.47%	9.03%	10.37%

January 28, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $254,583K ÷ $907,395K
= 28.06%

The operating profit margin of Photronics, Inc. has shown a generally positive trend over the past quarters. From Q2 2022 to Q1 2024, the operating profit margin has consistently improved from 19.57% to 28.37%. This indicates that the company has been effectively managing its operating expenses in relation to its revenue, resulting in higher profitability. The company's ability to maintain and increase its operating profit margin over time reflects strong operational efficiency and financial management, which is a positive indicator of its overall financial health and sustainability.