Photronics Inc (PLAB)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	130,688	141,430	134,001	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
Total stockholders’ equity	US$ in thousands	1,120,860	1,067,990	1,034,860	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
ROE		11.66%	13.24%	12.95%	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%

October 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $130,688K ÷ $1,120,860K
= 11.66%

Photronics Inc's return on equity (ROE) has exhibited some fluctuations over the past few years. The ROE has ranged from a low of 3.87% in January 2021 to a high of 14.29% in October 2022. This indicates varying levels of profitability and efficiency in generating returns for shareholders during these periods.

Overall, the ROE has generally been in the lower double-digit range, with an average ROE of around 10-12% in recent years. The company's ability to generate profits relative to its shareholder equity has been relatively stable, with some peaks and troughs reflecting changes in operating performance and financial leverage.

Investors and stakeholders may need to delve deeper into the company's financial performance and operational strategies to understand the factors driving these fluctuations in ROE and assess the long-term sustainability of the company's profitability.