Photronics Inc (PLAB)

Return on total capital

		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 interest and tax (EBIT) (ttm)	US$ in thousands	221,517	230,474	243,590	254,583	223,727	219,483	217,948	200,304	208,808	181,786	146,519	117,925	94,554	76,020	67,494	59,391	63,928	70,419	63,883	60,378
Long-term debt	US$ in thousands	—	—	—	—	—	20,121	21,322	27,323	32,310	46,589	70,138	78,540	89,446	92,740	88,444	79,984	54,980	38,183	35,783	36,449
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
Return on total capital		19.76%	21.58%	23.54%	24.89%	22.95%	22.37%	22.96%	21.13%	24.17%	20.27%	16.20%	12.86%	10.35%	8.35%	7.42%	6.63%	7.43%	8.50%	7.94%	7.48%

October 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $221,517K ÷ ($—K + $1,120,860K)
= 19.76%

Photronics Inc's return on total capital has shown a fluctuating trend over the periods indicated. The return on total capital, a key measure of a company's profitability in relation to its total capital, has ranged from a low of 6.63% to a high of 24.89% during the periods analyzed.

The company achieved its highest return on total capital of 24.89% in Jan 28, 2024, indicating efficient utilization of capital to generate profits. This may reflect effective operational management, strategic investments, or improved financial performance during that period.

On the other hand, the lowest return on total capital of 6.63% was observed in Jan 31, 2021, suggesting challenges in generating sufficient profits relative to the capital invested in the business.

Overall, the upward trend in the return on total capital from the earlier periods to the more recent periods indicates positive momentum in the company's profitability and efficient use of capital resources. However, further analysis and comparison with industry benchmarks would provide a more comprehensive evaluation of Photronics Inc's financial performance.