Photronics (FRA:PQ2) Cash And Cash Equivalents

: €466.8 Mil (As of Jan. 2024)

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Photronics's quarterly cash and cash equivalents increased from Jul. 2023 (€405.43 Mil) to Oct. 2023 (€472.83 Mil) but then stayed the same from Oct. 2023 (€472.83 Mil) to Jan. 2024 (€466.82 Mil).

Photronics's annual cash and cash equivalents increased from Oct. 2021 (€238.49 Mil) to Oct. 2022 (€324.48 Mil) and increased from Oct. 2022 (€324.48 Mil) to Oct. 2023 (€472.83 Mil).

Photronics Cash And Cash Equivalents Historical Data

The historical data trend for Photronics's Cash And Cash Equivalents 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.

* Premium members only.

Photronics Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash And Cash Equivalents

186.70

236.87

238.49

324.48

472.83

Photronics Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash And Cash Equivalents																310.69	335.15	405.43	472.83	466.82

Photronics Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Photronics (FRA:PQ2) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Photronics Cash And Cash Equivalents Related Terms

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Photronics (FRA:PQ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Photronics Inc (FRA:PQ2) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

PLAB:USA

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.

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