Photronics Net Invested Capital vs Net Working Capital Analysis

PLAB Stock

USD 24.18 1.18 4.65%

Photronics financial indicator trend analysis is much more than just breaking down Photronics prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Photronics is a good investment. Please check the relationship between Photronics Net Invested Capital and its Net Working Capital accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Photronics Net Invested Capital account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Photronics' Net Invested Capital and Net Working Capital is 0.88. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Photronics, assuming nothing else is changed. The correlation between historical values of Photronics' Net Invested Capital and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Photronics are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Invested Capital i.e., Photronics' Net Invested Capital and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Net Working Capital

Most indicators from Photronics' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Photronics current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.At present, Photronics' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 2.99, whereas Selling General Administrative is forecasted to decline to about 52.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	294.2M	336.2M	386.6M	405.9M
Total Revenue	824.5M	892.1M	1.0B	1.1B

Gross Profit Total Revenue

Photronics fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock Total Equity	Short Term Investments
Total Assets		-0.2	0.81	0.88	0.99	0.98	-0.81	0.88	0.92	0.72	0.06	0.92	0.93	0.43	0.15	0.86	0.18	0.52	0.62	0.83	0.97	0.09	0.7	-0.43	0.57	-0.03
Short Long Term Debt Total	-0.2		-0.05	-0.15	-0.21	-0.19	0.64	-0.58	-0.37	0.2	-0.02	-0.39	-0.37	0.43	0.82	-0.36	0.0	0.36	0.57	-0.43	-0.4	0.19	0.08	0.84	0.3	-0.57
Other Current Liab	0.81	-0.05		0.88	0.75	0.8	-0.51	0.7	0.66	0.62	-0.12	0.66	0.77	0.24	0.2	0.73	0.25	0.32	0.68	0.72	0.74	0.24	0.68	-0.32	0.38	0.03
Total Current Liabilities	0.88	-0.15	0.88		0.84	0.89	-0.63	0.76	0.72	0.7	0.07	0.72	0.86	0.41	0.01	0.79	0.31	0.46	0.67	0.66	0.81	0.46	0.82	-0.42	0.52	0.03
Total Stockholder Equity	0.99	-0.21	0.75	0.84		0.98	-0.82	0.86	0.92	0.72	0.12	0.92	0.91	0.48	0.13	0.85	0.19	0.56	0.58	0.8	0.96	0.07	0.68	-0.41	0.62	-0.09
Property Plant And Equipment Net	0.98	-0.19	0.8	0.89	0.98		-0.76	0.83	0.85	0.77	0.21	0.85	0.92	0.49	0.11	0.89	0.25	0.58	0.63	0.75	0.92	0.15	0.75	-0.44	0.64	-0.11
Net Debt	-0.81	0.64	-0.51	-0.63	-0.82	-0.76		-0.91	-0.92	-0.42	0.05	-0.92	-0.81	-0.17	0.31	-0.71	-0.03	-0.26	-0.13	-0.83	-0.91	0.07	-0.43	0.67	-0.31	-0.23
Retained Earnings	0.88	-0.58	0.7	0.76	0.86	0.83	-0.91		0.91	0.43	-0.06	0.93	0.94	0.04	-0.17	0.86	0.02	0.15	0.27	0.92	0.96	-0.08	0.46	-0.74	0.19	0.34
Cash	0.92	-0.37	0.66	0.72	0.92	0.85	-0.92	0.91		0.49	-0.15	1.0	0.84	0.27	0.03	0.72	0.02	0.34	0.37	0.92	0.97	-0.04	0.47	-0.46	0.4	0.08
Non Current Assets Total	0.72	0.2	0.62	0.7	0.72	0.77	-0.42	0.43	0.49		0.3	0.48	0.62	0.8	0.22	0.62	0.35	0.9	0.83	0.35	0.57	0.25	0.91	-0.08	0.86	-0.35
Non Currrent Assets Other	0.06	-0.02	-0.12	0.07	0.12	0.21	0.05	-0.06	-0.15	0.3		-0.17	0.12	0.28	-0.16	0.34	0.31	0.3	0.04	-0.26	-0.03	0.08	0.31	-0.23	0.28	-0.44
Cash And Short Term Investments	0.92	-0.39	0.66	0.72	0.92	0.85	-0.92	0.93	1.0	0.48	-0.17		0.86	0.25	0.02	0.73	0.01	0.33	0.37	0.92	0.98	-0.05	0.47	-0.48	0.38	0.13
Net Receivables	0.93	-0.37	0.77	0.86	0.91	0.92	-0.81	0.94	0.84	0.62	0.12	0.86		0.21	-0.01	0.95	0.02	0.33	0.5	0.79	0.95	0.03	0.61	-0.67	0.35	0.22
Common Stock Shares Outstanding	0.43	0.43	0.24	0.41	0.48	0.49	-0.17	0.04	0.27	0.8	0.28	0.25	0.21		0.29	0.21	0.4	0.96	0.67	0.02	0.26	0.37	0.69	0.36	0.95	-0.61
Non Current Liabilities Total	0.15	0.82	0.2	0.01	0.13	0.11	0.31	-0.17	0.03	0.22	-0.16	0.02	-0.01	0.29		-0.05	-0.12	0.27	0.63	0.02	0.0	-0.17	0.04	0.63	0.25	-0.4
Inventory	0.86	-0.36	0.73	0.79	0.85	0.89	-0.71	0.86	0.72	0.62	0.34	0.73	0.95	0.21	-0.05		0.08	0.33	0.45	0.68	0.85	0.0	0.6	-0.7	0.34	0.11
Other Current Assets	0.18	0.0	0.25	0.31	0.19	0.25	-0.03	0.02	0.02	0.35	0.31	0.01	0.02	0.4	-0.12	0.08		0.38	0.2	0.06	0.07	0.25	0.57	0.13	0.46	-0.29
Other Stockholder Equity	0.52	0.36	0.32	0.46	0.56	0.58	-0.26	0.15	0.34	0.9	0.3	0.33	0.33	0.96	0.27	0.33	0.38		0.72	0.09	0.36	0.25	0.77	0.23	0.97	-0.54
Total Liab	0.62	0.57	0.68	0.67	0.58	0.63	-0.13	0.27	0.37	0.83	0.04	0.37	0.5	0.67	0.63	0.45	0.2	0.72		0.29	0.44	0.29	0.76	0.21	0.68	-0.33
Property Plant And Equipment Gross	0.83	-0.43	0.72	0.66	0.8	0.75	-0.83	0.92	0.92	0.35	-0.26	0.92	0.79	0.02	0.02	0.68	0.06	0.09	0.29		0.9	-0.11	0.37	-0.51	0.16	0.18
Total Current Assets	0.97	-0.4	0.74	0.81	0.96	0.92	-0.91	0.96	0.97	0.57	-0.03	0.98	0.95	0.26	0.0	0.85	0.07	0.36	0.44	0.9		-0.01	0.57	-0.57	0.41	0.15
Short Term Debt	0.09	0.19	0.24	0.46	0.07	0.15	0.07	-0.08	-0.04	0.25	0.08	-0.05	0.03	0.37	-0.17	0.0	0.25	0.25	0.29	-0.11	-0.01		0.41	0.1	0.31	-0.3
Accounts Payable	0.7	0.08	0.68	0.82	0.68	0.75	-0.43	0.46	0.47	0.91	0.31	0.47	0.61	0.69	0.04	0.6	0.57	0.77	0.76	0.37	0.57	0.41		-0.16	0.77	-0.23
Intangible Assets	-0.43	0.84	-0.32	-0.42	-0.41	-0.44	0.67	-0.74	-0.46	-0.08	-0.23	-0.48	-0.67	0.36	0.63	-0.7	0.13	0.23	0.21	-0.51	-0.57	0.1	-0.16		0.22	-0.52
Common Stock Total Equity	0.57	0.3	0.38	0.52	0.62	0.64	-0.31	0.19	0.4	0.86	0.28	0.38	0.35	0.95	0.25	0.34	0.46	0.97	0.68	0.16	0.41	0.31	0.77	0.22		-0.56
Short Term Investments	-0.03	-0.57	0.03	0.03	-0.09	-0.11	-0.23	0.34	0.08	-0.35	-0.44	0.13	0.22	-0.61	-0.4	0.11	-0.29	-0.54	-0.33	0.18	0.15	-0.3	-0.23	-0.52	-0.56

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Photronics Account Relationship Matchups

Photronics fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.2B	1.3B	1.3B	1.5B	1.8B	1.8B
Short Long Term Debt Total	70.8M	111.7M	42.3M	26.5M	30.5M	29.0M
Other Current Liab	47.3M	37.2M	43.5M	55.1M	63.4M	66.5M
Total Current Liabilities	142.9M	176.1M	193.8M	185.2M	213.0M	223.7M
Total Stockholder Equity	805.0M	823.7M	831.5M	975.0M	1.1B	1.2B
Property Plant And Equipment Net	631.5M	696.6M	643.9M	715.4M	822.7M	863.9M
Net Debt	(207.8M)	(165.0M)	(277.3M)	(472.8M)	(425.5M)	(404.2M)
Retained Earnings	279.0M	317.8M	435.6M	561.1M	645.3M	677.6M
Cash	278.7M	276.7M	319.7M	499.3M	574.2M	602.9M
Non Current Assets Total	688.0M	743.6M	671.2M	740.8M	851.9M	446.0M
Non Currrent Assets Other	28.2M	46.3M	7.5M	4.0M	4.6M	4.4M
Cash And Short Term Investments	278.7M	276.7M	358.5M	512.2M	589.0M	618.5M
Net Receivables	163.5M	208.5M	216.6M	208.2M	239.5M	251.4M
Common Stock Shares Outstanding	65.5M	62.0M	61.2M	61.8M	71.0M	45.1M
Liabilities And Stockholders Equity	1.2B	1.3B	1.3B	1.5B	1.8B	1.8B
Non Current Liabilities Total	83.0M	117.5M	59.9M	65.4M	75.2M	126.3M
Inventory	57.3M	55.2M	50.8M	50.0M	57.5M	60.3M
Other Current Assets	730K	2.2M	10.5M	15.1M	17.3M	12.5M
Other Stockholder Equity	507.3M	484.7M	493.7M	502.0M	577.3M	296.7M
Total Liab	225.9M	293.6M	253.7M	250.6M	288.2M	219.2M
Property Plant And Equipment Gross	631.5M	696.6M	643.9M	2.2B	2.5B	2.7B
Total Current Assets	500.1M	550.6M	644.7M	785.5M	903.3M	948.4M
Accumulated Other Comprehensive Income	18.0M	20.6M	(98.5M)	(88.7M)	(102.0M)	(96.9M)
Short Term Debt	15.9M	24.5M	11.4M	8.5M	9.8M	13.2M
Accounts Payable	58.5M	81.5M	79.6M	84.0M	96.6M	54.8M
Intangible Assets	12.4M	7.9M	3.4M	774K	696.6K	661.8K
Common Stock Total Equity	697K	656K	631K	608K	699.2K	528.5K
Common Stock	631K	600K	608K	613K	705.0K	538.1K
Other Liab	13.7M	28.0M	28.0M	27.6M	31.8M	33.4M
Other Assets	50.8M	53.1M	46.3M	27.3M	24.6M	22.4M
Long Term Debt	55.0M	89.4M	32.3M	18.0M	16.2M	15.4M
Property Plant Equipment	632.4M	631.5M	696.6M	643.9M	740.5M	528.7M
Current Deferred Revenue	8.0M	14.7M	18.9M	10.0M	11.5M	9.8M
Net Tangible Assets	769.9M	805.0M	822.9M	831.5M	956.3M	766.9M
Noncontrolling Interest In Consolidated Entity	141.2M	157.3M	176.9M	230.6M	265.1M	278.4M
Retained Earnings Total Equity	253.9M	279.0M	317.8M	435.6M	501.0M	526.0M

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When determining whether Photronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Photronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Photronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Photronics Stock:

How To Invest In Photronics

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Is Photronics Stock a good investment?

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What is Photronics' Net Worth?

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Largest Semiconductors & Semiconductor Equipment Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Photronics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Photronics Stock refer to our How to Trade Photronics Stock guide.

You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Photronics. If investors know Photronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Photronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.25

Earnings Share

2.16

Revenue Per Share

14.156

Quarterly Revenue Growth

(0.06)

Return On Assets

0.0915

The market value of Photronics is measured differently than its book value, which is the value of Photronics that is recorded on the company's balance sheet. Investors also form their own opinion of Photronics' value that differs from its market value or its book value, called intrinsic value, which is Photronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Photronics' market value can be influenced by many factors that don't directly affect Photronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Photronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Photronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Photronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Photronics Net Invested Capital vs Net Working Capital Analysis

Net Invested Capital vs Net Working Capital

Net Invested Capital vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Invested Capital

Net Working Capital

Photronics fundamental ratios Correlations

Photronics Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Photronics fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.98	Cash And Short Term Investments
Total Current Assets	+ 0.97	Total Assets

Cash And Short Term Investments	- 0.92	Net Debt
Cash	- 0.92	Net Debt
Total Current Assets	- 0.91	Net Debt
Retained Earnings	- 0.91	Net Debt
Property Plant And Equipment Gross	- 0.83	Net Debt
Net Debt	- 0.82	Total Stockholder Equity