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Photronics (Photronics) EBIT : $282.6 Mil (TTM As of Jan. 2024)


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What is Photronics EBIT?

Photronics's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $53.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $282.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Photronics's annualized ROC % for the quarter that ended in Jan. 2024 was 18.78%. Photronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 26.15%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Photronics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 22.70%.


Photronics EBIT Historical Data

The historical data trend for Photronics's EBIT 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 EBIT Chart

Photronics Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.13 63.97 103.69 240.89 270.38

Photronics Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.60 80.75 64.48 83.55 53.83

Competitive Comparison of Photronics's EBIT

For the Semiconductor Equipment & Materials subindustry, Photronics's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Photronics's EV-to-EBIT Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Photronics's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Photronics's EV-to-EBIT falls into.



Photronics EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT 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 $282.6 Mil.

* 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.


Photronics  (NAS:PLAB) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Photronics's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:

ROC % (Q: Jan. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Oct. 2023 ) + Invested Capital (Q: Jan. 2024 ))/ count )
=229.956 * ( 1 - 27.28% )/( (884.507 + 896.804)/ 2 )
=167.2240032/890.6555
=18.78 %

where

Invested Capital(Q: Oct. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1526.221 - 129.507 - ( 512.207 - max(0, 185.223 - 785.45+512.207))
=884.507

Invested Capital(Q: Jan. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1582.836 - 164.518 - ( 521.514 - max(0, 185.289 - 807.677+521.514))
=896.804

Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Photronics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Oct. 2023  Q: Jan. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=215.328/( ( (709.244 + max(73.226, 0)) + (742.671 + max(121.645, 0)) )/ 2 )
=215.328/( ( 782.47 + 864.316 )/ 2 )
=215.328/823.393
=26.15 %

where Working Capital is:

Working Capital(Q: Oct. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(194.927 + 49.963 + 5.0260000000001) - (129.507 + 9.965 + 37.218)
=73.226

Working Capital(Q: Jan. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(203.607 + 50.68 + 31.876) - (164.518 + 0 + 0)
=121.645

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Photronics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2024 )
=282.615/1244.773
=22.70 %

* 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.


Photronics EBIT Related Terms

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Photronics (Photronics) Business Description

Traded in Other Exchanges
Address
15 Secor Road, Brookfield, CT, USA, 06804
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

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