GURUFOCUS.COM » STOCK LIST » USA » NAS » Photronics Inc (NAS:PLAB) » Definitions » Asset Turnover
Switch to:

Photronics Asset Turnover

: 0.15 (As of Apr. 2022)
View and export this data going back to 1987. Start your Free Trial

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Photronics's Revenue for the three months ended in Apr. 2022 was $204.5 Mil. Photronics's Total Assets for the quarter that ended in Apr. 2022 was $1,333.6 Mil. Therefore, Photronics's Asset Turnover for the quarter that ended in Apr. 2022 was 0.15.

Asset Turnover is linked to ROE % through Du Pont Formula. Photronics's annualized ROE % for the quarter that ended in Apr. 2022 was 13.12%. It is also linked to ROA % through Du Pont Formula. Photronics's annualized ROA % for the quarter that ended in Apr. 2022 was 8.23%.


Photronics Asset Turnover Historical Data

The historical data trend for Photronics's Asset Turnover 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 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.50 0.49 0.53 0.54

Photronics Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
Asset 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 0.13 0.13 0.14 0.14 0.15

Photronics Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Photronics's Asset Turnover for the fiscal year that ended in Oct. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Oct. 2021 )/( (Total Assets (A: Oct. 2020 )+Total Assets (A: Oct. 2021 ))/ count )
=663.761/( (1188.182+1294.202)/ 2 )
=663.761/1241.192
=0.53

Photronics's Asset Turnover for the quarter that ended in Apr. 2022 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Apr. 2022 )/( (Total Assets (Q: Jan. 2022 )+Total Assets (Q: Apr. 2022 ))/ count )
=204.509/( (1335.248+1331.887)/ 2 )
=204.509/1333.5675
=0.15

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Photronics  (NAS:PLAB) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Photronics's annulized ROE % for the quarter that ended in Apr. 2022 is

ROE %**(Q: Apr. 2022 )
=Net Income/Total Stockholders Equity
=109.728/836.412
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(109.728 / 818.036)*(818.036 / 1333.5675)*(1333.5675/ 836.412)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.41 %*0.6134*1.5944
=ROA %*Equity Multiplier
=8.23 %*1.5944
=13.12 %

Note: The Net Income data used here is four times the quarterly (Apr. 2022) net income data. The Revenue data used here is four times the quarterly (Apr. 2022) revenue 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Photronics's annulized ROA % for the quarter that ended in Apr. 2022 is

ROA %(Q: Apr. 2022 )
=Net Income/Total Assets
=109.728/1333.5675
=(Net Income / Revenue)*(Revenue / Total Assets)
=(109.728 / 818.036)*(818.036 / 1333.5675)
=Net Margin %*Asset Turnover
=13.41 %*0.6134
=8.23 %

Note: The Net Income data used here is four times the quarterly (Apr. 2022) net income data. The Revenue data used here is four times the quarterly (Apr. 2022) revenue 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Photronics Asset Turnover Related Terms

Thank you for viewing the detailed overview of Photronics's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Photronics Business Description

Photronics logo
Traded in Other Exchanges
Address
15 Secor Road, Brookfield, CT, USA, 06804
Photronics 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 the United States, Europe, Taiwan, Korea, China, and elsewhere in Asia, with Asia contributing the majority of total revenue.
Executives
Lewis Adam M director 15 SECOR ROAD BROOKFIELD CT 06804
Liao Daniel Jl director 2045 EAST INNOVATION CIRCLE TEMPE AZ 85284
Paladino Mary director 15 SECOR ROAD BROOKFIELD CT 06804
Lee Kang Jyh officer: President, Asia IC Photomask 15 SECOR ROAD BROOKFIELD CT 06804
Jordan John P officer: SVP & Chief Financial Officer 600 EAST GREENWICH AVENUE WEST WARWICK RI 02893
Hsia Liang Choo director 15 SECOR RD. BROOKFIELD CT 06804
Gmt Capital Corp 10 percent owner GMT CAPITAL CORP 2300 WINDY RIDGE PARKWAY SUITE 550 SOUTH ATLANTA GA 30339
Burr Richelle E officer: VP, General Counsel & Secy 15 SECOR RD BROOKFIELD CT 06804
Kirlin Peter S officer: Senior VP, U.S. & Europe 15 SECOR ROAD BROOKFIELD CT 06804
Progler Christopher J officer: VP,Chief Technology Officer 15 SECOR ROAD BROOKFIELD CT 06804
Jeong Soo Hong officer: COO, President-Asia Operations 15 SECOR ROAD BROOKFIELD CT 06804
Luttati Michael J director, officer: Chief Executive Officer 15 SECOR ROAD BROOKFIELD CT 06804
Maris Willem D director 15 SECOR ROAD BROOKFIELD CT 06804
Tyson Mitchell G director 15 SECOR ROAD BROOKFIELD CT 06804
Yomazzo Michael J director 15 SECOR ROAD PO BOX 5226 BROOKFIELD CT 06804

Photronics Headlines

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)