Photronics Inc (PLAB)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	137,679	125,485	117,934	122,205	109,708	118,786	101,537	87,383	70,477	55,449	42,098	35,798	31,556	33,820	37,060	32,631	34,826	29,793	32,580	39,238
Total stockholders’ equity	US$ in thousands	1,022,960	975,008	961,212	928,047	920,765	831,527	850,318	834,399	838,425	823,692	817,892	821,392	815,502	804,962	790,242	769,191	770,676	769,892	763,394	763,568
ROE		13.46%	12.87%	12.27%	13.17%	11.91%	14.29%	11.94%	10.47%	8.41%	6.73%	5.15%	4.36%	3.87%	4.20%	4.69%	4.24%	4.52%	3.87%	4.27%	5.14%

January 28, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $137,679K ÷ $1,022,960K
= 13.46%

Photronics, Inc.'s return on equity (ROE) has shown varying results over the past eight quarters. In Q1 2024, the ROE was 13.46%, marking an increase from the previous quarter's 12.87% in Q4 2023. This improvement indicates that the company was able to generate a higher level of net income relative to its shareholders' equity.

Looking back further, the ROE has exhibited fluctuations, with a peak of 14.29% in Q4 2022 and a low of 10.47% in Q2 2022. These fluctuations may suggest variability in the company's profitability and efficiency in utilizing shareholder equity to generate earnings.

Overall, Photronics, Inc. has maintained relatively stable ROE levels, hovering around the 10% to 14% range over the past two years. It is important for the company to continuously monitor and enhance its ROE performance to ensure sustainable returns for its shareholders.