Photronics Inc (PLAB)

Return on assets (ROA)

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Net income	US$ in thousands	130,688	125,485	118,786	55,449	33,820
Total assets	US$ in thousands	1,712,060	1,526,220	1,315,830	1,294,200	1,188,180
ROA		7.63%	8.22%	9.03%	4.28%	2.85%

October 31, 2024 calculation

ROA = Net income ÷ Total assets
= $130,688K ÷ $1,712,060K
= 7.63%

Photronics Inc's return on assets (ROA) has been fluctuating over the past five years, ranging from 2.85% in October 2020 to 9.03% in October 2022. The ROA decreased in October 2021 compared to the previous year but then showed an improvement in October 2022. In the most recent period of October 2024, the ROA was reported at 7.63%.

Overall, the trend indicates that Photronics Inc has been able to generate a reasonable return on its assets, with the ROA consistently above 4% for the last five years. This suggests that the company efficiently utilizes its assets to generate profits. However, it is essential to monitor the ROA over time to assess the company's asset management efficiency and profitability in the long term.