What is Photronics's inventory turnover?

Photronics (PLAB) reported inventory turnover of 8.8× in Q1 2026.

How has Photronics's inventory turnover changed year-over-year?

Photronics's inventory turnover decreased by 6.5% year-over-year, from 9.5× to 8.8×.

What is the long-term trend for Photronics's inventory turnover?

Over 5 years (2020 to 2025), Photronics's inventory turnover has grown at a 0.6% compound annual growth rate (CAGR), from 9× to 9.3×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Photronics PLAB Inventory turnover

Inventory turnover at other companies

Amkor TechnologyAMKR

14.7×-1.6×

Veeco InstrumentsVECO

1.5×-0.2×

Axcelis TechnologiesACLS

1.5×-0.2×

Sanmina CorpSANM

4.5×-0.4×

Applied MaterialsAMAT

2.5×-0.1×

SkyWater Technology, Inc.SKYT

58.3×+33.6×

Other financials

Income statement

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Revenue$209.9M-0.5%

Gross profit$65.8M-15.6%

Operating income$42.2M-24.3%

Net income$31.4M+255%

EPS (diluted)$0.54+260%

Balance sheet

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Cash & equivalents$514.4M-3.6%

Total debt$3.9M+12,780%

Total equity$1.2B+12.7%

Total assets$1.9B+13.4%

Cash flow

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Operating cash flow$47.0M+49.5%

CapEx$45.8M-24.4%

Free cash flow$1.2M—

Valuation

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Market cap$1.87B+146%

Enterprise value$1.36B+268%

P/E11.7×+5.4×

P/S2.2×+1.3×

Profitability

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Gross margin33.8%-2.5pp

Operating margin22.9%-2.3pp

Net margin18.5%+4.5pp

FCF margin11.2%—

Returns & leverage

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Return on equity13.6%+2.3pp

Debt / equity0×—

Current ratio5×-0.1×

Where this comes from

Calculated from Photronics’s reported figures.

total cost of revenue/inventories=8.8×

Based on trailing twelve months.

The official record: Photronics’s 10-Q, filed June 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Photronics's inventory turnover?: Photronics (PLAB) reported inventory turnover of 8.8× in Q1 2026.
How has Photronics's inventory turnover changed year-over-year?: Photronics's inventory turnover decreased by 6.5% year-over-year, from 9.5× to 8.8×.
What is the long-term trend for Photronics's inventory turnover?: Over 5 years (2020 to 2025), Photronics's inventory turnover has grown at a 0.6% compound annual growth rate (CAGR), from 9× to 9.3×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.