Photronics Inc (PLAB)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 194,255 | 210,717 | 205,262 | 210,069 | 195,797 | 184,031 | 190,350 | 170,903 | 178,577 | 153,951 | 129,493 | 101,908 | 78,639 | 60,060 | 50,855 | 46,680 | 55,079 | 57,177 | 51,029 | 52,721 |
| 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 |
| Pretax margin | 22.35% | 23.55% | 22.83% | 23.15% | 21.90% | 21.05% | 21.67% | 20.09% | 20.97% | 18.86% | 16.79% | 14.23% | 11.66% | 9.41% | 8.23% | 7.74% | 9.03% | 9.27% | 8.55% | 9.00% |
October 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $194,255K ÷ $869,022K
= 22.35%
The pretax margin of Photronics Inc has shown a fluctuating trend over the periods provided. The pretax margin for the most recent period, ending on October 31, 2024, stands at 22.35%, which is a slight decrease from the previous period's margin of 23.55%. Despite the decrease, the company has maintained a strong pretax margin above 20% for the past several periods, indicating the company's ability to generate earnings before taxes relative to its revenue.
It is also notable that the pretax margin has shown an overall increasing trend since October 31, 2020, when it stood at 9.00%. This steady improvement indicates that Photronics Inc has been able to effectively manage its operating expenses and generate higher earnings relative to its revenue over time. The upward trajectory of the pretax margin suggests improved operational efficiency and profitability for the company.
Overall, the pretax margin of Photronics Inc reflects a positive performance, with the company showing an ability to maintain healthy profit levels in relation to its revenue. Investors and stakeholders may view this trend favorably as it indicates the company's ability to effectively manage costs and drive profitability.
Peer comparison
Oct 31, 2024