>
Switch to:

Photronics Inventory Turnover

: 2.14 (As of Jan. 2021)
View and export this data going back to 1987. Start your Free Trial

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Photronics's Cost of Goods Sold for the three months ended in Jan. 2021 was $121.5 Mil. Photronics's Total Inventories for the quarter that ended in Jan. 2021 was $56.8 Mil. Photronics's Inventory Turnover for the quarter that ended in Jan. 2021 was 2.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Photronics's Days Inventory for the three months ended in Jan. 2021 was 42.67.

Total Inventories can be measured by Days Sales of Inventory (DSI). Photronics's days sales of inventory (DSI) for the three months ended in Jan. 2021 was 34.11.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Photronics's Inventory-to-Revenue for the quarter that ended in Jan. 2021 was 0.37.

Photronics Inventory Turnover Historical Data

* 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
Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.78 15.70 15.27 11.12 9.01

Photronics Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
Inventory Turnover 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 Premium Member Only Premium Member Only Premium Member Only 2.56 2.11 2.15 2.10 2.14

Photronics Inventory Turnover Calculation

Photronics's Inventory Turnover for the fiscal year that ended in Oct. 2020 is calculated as

Inventory Turnover (A: Oct. 2020 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Oct. 2020 ) / ((Total Inventories (A: Oct. 2019 ) + Total Inventories (A: Oct. 2020 )) / count )
=475.037 / ((48.155 + 57.269) / 2 )
=475.037 / 52.712
=9.01

Photronics's Inventory Turnover for the quarter that ended in Jan. 2021 is calculated as

Inventory Turnover (Q: Jan. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Jan. 2021 ) / ((Total Inventories (Q: Oct. 2020 ) + Total Inventories (Q: Jan. 2021 )) / count )
=121.538 / ((57.269 + 56.407) / 2 )
=121.538 / 56.838
=2.14

* 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) Inventory Turnover Explanation

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.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Photronics's Days Inventory for the three months ended in Jan. 2021 is calculated as:

Days Inventory =Total Inventories (Q: Jan. 2021 )/Cost of Goods Sold (Q: Jan. 2021 )*Days in Period
=56.838/121.538*365 / 4
=42.67

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Photronics's Days Sales of Inventory for the three months ended in Jan. 2021 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Jan. 2021 )/Revenue (Q: Jan. 2021 )*Days in Period
=56.838/152.067*365 / 4
=34.11

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Photronics's Inventory to Revenue for the quarter that ended in Jan. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Jan. 2021 ) / Revenue (Q: Jan. 2021 )
=56.838 / 152.067
=0.37

* 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.

Be Aware

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 Inventory Turnover Related Terms

Photronics Inventory Turnover Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)