Dycom Industries Inc (DY)
Days of inventory on hand (DOH)
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 34.17 | 30.17 | 35.84 | 42.00 | 3.25 | |
| DOH | days | 10.68 | 12.10 | 10.18 | 8.69 | 112.15 |
January 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 34.17
= 10.68
The days of inventory on hand (DOH) for Dycom Industries, Inc. have fluctuated over the past five years. In the most recent fiscal year, ending January 27, 2024, the company had 11.79 days of inventory on hand, indicating that it took approximately 11.79 days to sell its inventory. This represents a decrease compared to the previous year when the DOH was 13.28 days.
In general, a lower DOH is considered more favorable as it suggests that the company is efficiently managing its inventory by turning over stock more quickly. However, it is essential to evaluate this ratio in conjunction with other financial metrics and industry benchmarks to get a comprehensive understanding of Dycom Industries, Inc.'s inventory management practices.
Over the analyzed period, the company had variances in its DOH ranging from a low of 9.79 days in January 30, 2021, to a high of 13.28 days in January 28, 2023. These fluctuations may reflect changes in the company's sales patterns, production efficiency, inventory control, or overall business conditions. Further analysis and benchmarking against industry peers can help determine the effectiveness and competitiveness of Dycom Industries, Inc.'s inventory management.
Peer comparison
Jan 27, 2024