Photronics Aims to Continue Growing ROCE with Increased Profitability and Capital Investment

Photronics (NASDAQ:PLAB) has a ROCE of 13%, surpassing the Semiconductor industry average of 9.6%. The company has seen a significant increase in returns on capital employed over the past five years, rising from an unknown level to 13%. The amount of capital employed has also increased by 55%. Investors are optimistic about Photronics' ability to profitably reinvest capital and continue growing its returns on capital.