Photronics (Photronics) Cost of Goods Sold

: $558.0 Mil (TTM As of Jan. 2024)

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Photronics's cost of goods sold for the three months ended in Jan. 2024 was $137.1 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Jan. 2024 was $558.0 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Photronics's Gross Margin % for the three months ended in Jan. 2024 was 36.64%.

Cost of Goods Sold is also directly linked to Inventory Turnover. Photronics's Inventory Turnover for the three months ended in Jan. 2024 was 2.72.

Photronics Cost of Goods Sold Historical Data

The historical data trend for Photronics's Cost of Goods Sold can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Photronics Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cost of Goods Sold

429.82

475.04

496.72

530.34

555.91

Photronics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cost of Goods Sold																135.01	140.90	137.41	142.59	137.08

Photronics Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $558.0 Mil.

Photronics (NAS:PLAB) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Photronics's Gross Margin % for the three months ended in Jan. 2024 is calculated as:

Gross Margin %	=	(Revenue	-	Cost of Goods Sold)	/	Revenue
	=	(216.334	-	137.079)	/	216.334
	=	36.64 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

Photronics's Inventory Turnover for the three months ended in Jan. 2024 is calculated as:

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	137.079	/	50.3215
	=	2.72

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

Photronics Cost of Goods Sold Related Terms

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Photronics (Photronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Photronics Inc (NAS:PLAB) » Definitions » Cost of Goods Sold

Comparable Companies

Traded in Other Exchanges

PQ2:Germany PQ2:Germany

Address

15 Secor Road, Brookfield, CT, USA, 06804

Website

https://www.photronics.com

Photronics Inc is a U.S.-based company that is principally engaged in manufacturing photomasks. The photomasks are photographic quartz plates that contain microscopic images of electronic circuits that are used as a component in the manufacture of integrated circuits and flat-panel displays. The revenue from products designed for integrated circuits production accounts for the majority of total revenue, with the rest derived from products for flat-panel display production. The company's assets are located in Taiwan, Korea, and the United States. It generates revenue worldwide, including in the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Taiwan contributing the majority of total revenue.

Executives

Mitchell G Tyson	director	15 SECOR ROAD, BROOKFIELD CT 06804
Adam M Lewis	director	15 SECOR ROAD, BROOKFIELD CT 06804
Christopher J Progler	officer: VP,Chief Technology Officer	15 SECOR ROAD, BROOKFIELD CT 06804
Peter S Kirlin	officer: Senior VP, U.S. & Europe	15 SECOR ROAD, BROOKFIELD CT 06804
Richelle E Burr	officer: VP, General Counsel & Secy	15 SECOR RD, BROOKFIELD CT 06804
Kang Jyh Lee	officer: President, Asia IC Photomask	15 SECOR ROAD, BROOKFIELD CT 06804
John P Jordan	officer: SVP & Chief Financial Officer	600 EAST GREENWICH AVENUE, WEST WARWICK RI 02893
Daniel Jl Liao	director	2045 EAST INNOVATION CIRCLE, TEMPE AZ 85284
Fiorita Joseph A Jr	director	15 SECOR ROAD, BROOKFIELD CT 06804
Walter M Fiederowicz	director	15 SECOR ROAD, BROOKFIELD CT 06804
Mary Paladino	director	15 SECOR ROAD, BROOKFIELD CT 06804
George Macricostas	director	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Macricostas Constantine S	director	15 SECOR ROAD, P.O. BOX 5226, BROOKFIELD CT 06804
Sean T Smith	officer: VP and Chief Financial Officer	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Liang Choo Hsia	director	15 SECOR RD., BROOKFIELD CT 06804