Photronics Inc (PLAB)

Return on equity (ROE)

		Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Net income	US$ in thousands	125,485	118,786	55,449	33,820	29,793
Total stockholders’ equity	US$ in thousands	975,008	831,527	823,692	804,962	769,892
ROE		12.87%	14.29%	6.73%	4.20%	3.87%

October 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $125,485K ÷ $975,008K
= 12.87%

Photronics, Inc.'s return on equity (ROE) has shown a generally positive trend over the past five years. The company's ROE increased from 3.87% in 2019 to 12.87% in 2023, indicating an improvement in the company's ability to generate profits from shareholders' equity. This suggests effective management of the company's resources and an increase in profitability over the years. However, it's important to note that there was a slight dip in ROE in 2021 compared to 2022, which may merit further investigation to understand the factors contributing to this decrease. Overall, the increasing trend in ROE reflects positively on Photronics, Inc.'s financial performance and its ability to generate returns for its shareholders.