Photronics Inc (PLAB)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	1,712,060	1,526,220	1,315,830	1,294,200	1,188,180
Operating ROA		12.94%	16.58%	16.10%	7.31%	5.38%

October 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $221,518K ÷ $1,712,060K
= 12.94%

Photronics Inc's operating return on assets (ROA) has varied over the past five years, ranging from 5.38% in 2020 to 16.58% in 2023. The operating ROA decreased slightly in 2021 to 7.31% but then rose again in 2022 to 16.10%. However, there was a decrease in 2023 to 12.94%.

Overall, the trend indicates fluctuation in the efficiency of Photronics Inc in generating profit from its operational assets. It is essential for the company to focus on consistently improving its operating ROA to ensure optimal utilization of its assets and sustained profitability in the long run.