Photronics Inc (PLAB)

Pretax margin

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	194,255	195,797	178,577	78,639	55,078
Revenue	US$ in thousands	869,022	894,116	851,354	674,648	609,090
Pretax margin		22.35%	21.90%	20.98%	11.66%	9.04%

October 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $194,255K ÷ $869,022K
= 22.35%

The pretax margin of Photronics Inc has shown a consistent positive trend over the past five years, increasing from 9.04% in 2020 to 22.35% in 2024. This indicates the company's ability to efficiently control its expenses relative to its revenue before accounting for taxes. The pretax margin improvement over the years reflects management's focus on operational efficiency and cost control measures, leading to higher profitability. The significant increase in pretax margin from 2020 to 2024 suggests improved profitability and financial performance for Photronics Inc during this period.