Photronics Inc (PLAB)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	1,582,840	1,526,220	1,503,340	1,451,020	1,441,680	1,315,830	1,349,600	1,331,890	1,335,250	1,294,200	1,281,760	1,265,990	1,232,060	1,188,180	1,195,840	1,133,890	1,125,460	1,118,660	1,114,200	1,085,240
Operating ROA		16.08%	16.58%	16.55%	17.04%	15.93%	16.10%	13.70%	11.23%	9.06%	7.31%	5.93%	5.33%	4.82%	5.38%	5.89%	5.63%	5.36%	4.66%	4.37%	5.13%

January 28, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $254,583K ÷ $1,582,840K
= 16.08%

Based on the operating return on assets (operating ROA) data for Photronics, Inc. over the past eight quarters, it is noted that the company has shown a relatively stable performance with slight fluctuations in the range of 10.97% to 17.04%.

The operating ROA peaked at 17.04% in Q2 2023 and saw its lowest value at 10.97% in Q2 2022. The company's performance improved steadily from Q2 2022 to Q2 2023, indicating an enhanced utilization of its assets to generate operating profits.

Overall, the consistent operating ROA figures demonstrate that Photronics, Inc. has been effectively managing its operating expenses and asset base to generate earnings from its operations. However, it is essential to consider other financial metrics and factors to obtain a more comprehensive understanding of the company's financial health and performance.