Photronics Gross Profit vs Operating Income Analysis
PLAB Stock | USD 28.32 0.45 1.56% |
Photronics financial indicator trend analysis is much more than just breaking down Photronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Photronics is a good investment. Please check the relationship between Photronics Gross Profit and its Operating Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.
Gross Profit vs Operating Income
Gross Profit vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Photronics Gross Profit account and Operating Income. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Photronics' Gross Profit and Operating Income is 0.96. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Operating Income in the same time period over historical financial statements of Photronics, assuming nothing else is changed. The correlation between historical values of Photronics' Gross Profit and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Photronics are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Gross Profit i.e., Photronics' Gross Profit and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.96 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of Photronics minus its cost of goods sold. It is profit before Photronics operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Photronics operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Photronics is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Photronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Photronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.The current year's Tax Provision is expected to grow to about 84.9 M, whereas Selling General Administrative is forecasted to decline to about 52.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 294.2M | 336.2M | 386.6M | 405.9M | Total Revenue | 824.5M | 892.1M | 1.0B | 1.1B |
Photronics fundamental ratios Correlations
Click cells to compare fundamentals
Photronics Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Photronics fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.2B | 1.3B | 1.3B | 1.5B | 1.8B | 1.8B | |
Short Long Term Debt Total | 70.8M | 111.7M | 42.3M | 24.6M | 28.3M | 26.9M | |
Other Current Liab | 43.7M | 57.6M | 85.3M | 178.6M | 205.4M | 215.7M | |
Total Current Liabilities | 142.9M | 176.1M | 193.8M | 185.2M | 213.0M | 223.7M | |
Total Stockholder Equity | 805.0M | 823.7M | 831.5M | 975.0M | 1.1B | 1.2B | |
Property Plant And Equipment Net | 631.5M | 696.6M | 643.9M | 709.2M | 815.6M | 856.4M | |
Net Debt | (207.8M) | (165.0M) | (277.3M) | (474.7M) | (427.2M) | (405.8M) | |
Retained Earnings | 279.0M | 317.8M | 435.6M | 561.1M | 645.3M | 677.6M | |
Cash | 278.7M | 276.7M | 319.7M | 499.3M | 574.2M | 602.9M | |
Non Current Assets Total | 688.0M | 743.6M | 671.2M | 740.8M | 851.9M | 446.0M | |
Non Currrent Assets Other | 28.2M | 46.3M | 7.5M | 10.2M | 11.8M | 19.7M | |
Cash And Short Term Investments | 278.7M | 276.7M | 358.5M | 512.2M | 589.0M | 618.5M | |
Net Receivables | 157.3M | 174.4M | 198.1M | 194.9M | 224.2M | 235.4M | |
Common Stock Shares Outstanding | 65.5M | 62.0M | 61.2M | 61.8M | 71.0M | 45.1M | |
Liabilities And Stockholders Equity | 1.2B | 1.3B | 1.3B | 1.5B | 1.8B | 1.8B | |
Non Current Liabilities Total | 83.0M | 117.5M | 59.9M | 65.4M | 75.2M | 126.3M | |
Inventory | 57.3M | 55.2M | 50.8M | 50.0M | 57.5M | 60.3M | |
Other Current Assets | 608K | 44.3M | 37.3M | 28.4M | 32.6M | 34.2M | |
Other Stockholder Equity | 507.3M | 484.7M | 493.7M | 502.0M | 577.3M | 296.7M | |
Total Liab | 225.9M | 293.6M | 253.7M | 250.6M | 288.2M | 219.2M | |
Property Plant And Equipment Gross | 631.5M | 696.6M | 643.9M | 2.2B | 2.5B | 2.7B | |
Total Current Assets | 500.1M | 550.6M | 644.7M | 785.5M | 903.3M | 948.4M | |
Accumulated Other Comprehensive Income | 18.0M | 20.6M | (98.5M) | (88.7M) | (102.0M) | (96.9M) | |
Short Term Debt | 15.9M | 22.2M | 10.0M | 6.6M | 7.6M | 13.0M | |
Accounts Payable | 75.4M | 81.5M | 79.6M | 84.0M | 96.6M | 55.3M | |
Intangible Assets | 12.4M | 7.9M | 3.4M | 774K | 696.6K | 661.8K | |
Common Stock Total Equity | 697K | 656K | 631K | 608K | 699.2K | 528.5K | |
Common Stock | 631K | 600K | 608K | 613K | 705.0K | 538.1K | |
Other Liab | 13.7M | 28.0M | 28.0M | 27.6M | 31.8M | 33.4M | |
Other Assets | 50.8M | 53.1M | 46.3M | 27.3M | 24.6M | 22.4M | |
Long Term Debt | 55.0M | 89.4M | 32.3M | 18.0M | 16.2M | 15.4M | |
Property Plant Equipment | 632.4M | 631.5M | 696.6M | 643.9M | 740.5M | 528.7M | |
Current Deferred Revenue | 8.0M | 14.7M | 18.9M | (84.0M) | (75.6M) | (71.8M) | |
Net Tangible Assets | 769.9M | 805.0M | 822.9M | 831.5M | 956.3M | 766.9M | |
Noncontrolling Interest In Consolidated Entity | 141.2M | 157.3M | 176.9M | 230.6M | 265.1M | 278.4M | |
Retained Earnings Total Equity | 253.9M | 279.0M | 317.8M | 435.6M | 501.0M | 526.0M |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.Note that the Photronics information on this page should be used as a complementary analysis to other Photronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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When running Photronics' price analysis, check to measure Photronics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Photronics is operating at the current time. Most of Photronics' value examination focuses on studying past and present price action to predict the probability of Photronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Photronics' price. Additionally, you may evaluate how the addition of Photronics to your portfolios can decrease your overall portfolio volatility.
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Is Photronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.829 | Earnings Share 2.19 | Revenue Per Share 14.643 | Quarterly Revenue Growth 0.025 | Return On Assets 0.1052 |
The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Photronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.