Dycom Industries Inc (DY)

Short-term

Turnover ratios

Activity ratios are essential for assessing how efficiently a company is managing its assets and operations. Let's delve into the activity ratios of Dycom Industries Inc based on the provided data:

1. Inventory Turnover:
- Dycom Industries Inc's inventory turnover has been relatively stable over the years, ranging from 27.49 to 34.17. This indicates that the company efficiently sells and replenishes its inventory. A higher turnover generally suggests effective inventory management, ensuring that the company is not holding excessive inventory that could become obsolete or incur storage costs.

2. Receivables Turnover:
- The data indicates that Dycom Industries Inc's receivables turnover was provided for some years and missing for others. A receivables turnover ratio helps assess how efficiently a company collects its accounts receivable. The lack of data for certain years makes it challenging to evaluate the company's effectiveness in collecting outstanding payments from customers.

3. Payables Turnover:
- Similar to receivables turnover, payables turnover data is missing for most years. The payables turnover ratio reflects how quickly a company pays its suppliers. Without this data, it's difficult to gauge Dycom Industries Inc's payment practices and relationships with its creditors.

4. Working Capital Turnover:
- The working capital turnover ratio provides insights into how effectively a company utilizes its working capital to generate sales revenue. Dycom Industries Inc's working capital turnover has ranged from 3.40 to 4.00, indicating that the company efficiently utilizes its working capital to support its operations and generate revenue.

In conclusion, while Dycom Industries Inc seems to effectively manage its inventory and working capital based on the provided data, the absence of information on receivables and payables turnover ratios limits a comprehensive analysis of the company's overall activity efficiency.

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Average number of days

Based on the provided data for Dycom Industries Inc, we can analyze the company's activity ratios as follows:

1. Days of Inventory on Hand (DOH):
- January 28, 2023: 12.10 days
- January 31, 2023: 13.28 days
- January 27, 2024: 10.68 days
- January 31, 2024: 11.79 days
- January 31, 2025: 12.32 days

The DOH ratio measures how many days, on average, inventory is held before being sold. A lower DOH indicates efficient inventory management. Dycom Industries Inc managed to reduce its DOH from 13.28 days in January 31, 2023, to 10.68 days by January 27, 2024, suggesting improved inventory turnover efficiency. However, the DOH increased slightly to 12.32 days by January 31, 2025, which may indicate a potential slowdown in inventory turnover.

2. Days of Sales Outstanding (DSO):
- January 28, 2023: 103.29 days
- January 31, 2023: Not available
- January 27, 2024: 109.60 days
- January 31, 2024: Not available
- January 31, 2025: Not available

The DSO ratio reflects how long it takes for a company to collect revenue after a sale is made. A lower DSO is favorable as it indicates faster cash collection. Dycom Industries Inc had a DSO of 103.29 days on January 28, 2023, which increased to 109.60 days by January 27, 2024. The absence of data for subsequent periods makes it challenging to track any further trends in the company's sales collection efficiency.

3. Number of Days of Payables:
- January 28, 2023: 21.86 days
- January 31, 2023: Not available
- January 27, 2024: 21.86 days
- January 31, 2024: Not available
- January 31, 2025: Not available

The number of days of payables ratio signifies how long a company takes to pay its suppliers. A longer payables period can indicate better cash flow management. Dycom Industries Inc maintained a consistent payable period of 21.86 days from January 28, 2023, to January 27, 2024, based on the available data.

In conclusion, Dycom Industries Inc demonstrated improvements in its inventory turnover efficiency between 2023 and 2024. However, the trend in sales collection and payables management is not fully discernible due to missing data for subsequent periods. Monitoring these activity ratios can provide insights into the company's operational efficiency and financial health.

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Long-term

The fixed asset turnover ratio for Dycom Industries Inc has shown some fluctuations over the years. In January 2023, the company had a fixed asset turnover ratio of 10.29, indicating that the company generated $10.29 in revenue for every dollar invested in fixed assets. This ratio decreased to 8.75 in January 2023, improved to 9.33 in January 2024, and was not available for the subsequent years.

On the other hand, the total asset turnover ratio has been relatively stable for Dycom Industries Inc. The company had a total asset turnover ratio of 1.64 in January 2023, which slightly increased to 1.65 in January 2024 and remained at 1.66 in January 2024 before decreasing to 1.28 in January 2025. This ratio indicates that the company generated $1.64 (in January 2023) or $1.28 (in January 2025) in revenue for every dollar invested in total assets.

Overall, the company's fixed asset turnover ratio indicates the efficiency of utilizing fixed assets to generate revenue, with some fluctuations observed, while the total asset turnover ratio reflects the effectiveness of utilizing total assets in generating sales, showing a slight decrease in recent years.