Dycom Industries Inc (DY)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Oct 26, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 31.61 | 36.16 | 35.81 | 39.97 | 38.36 | 34.79 | 34.02 | 32.19 | 32.13 | 31.71 | 31.42 | 30.21 | 29.66 | 28.72 | 28.70 | 28.84 | 29.43 | 32.60 | 31.62 | 31.46 | |
| DOH | days | 11.55 | 10.10 | 10.19 | 9.13 | 9.52 | 10.49 | 10.73 | 11.34 | 11.36 | 11.51 | 11.62 | 12.08 | 12.31 | 12.71 | 12.72 | 12.66 | 12.40 | 11.19 | 11.54 | 11.60 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 31.61
= 11.55
The days of inventory on hand (DOH) for Dycom Industries Inc have shown some fluctuations over the past few years. The trend indicates that the company has been able to manage its inventory efficiently in general, with the DOH staying within a relatively narrow range.
From July 2022 to October 2023, the DOH remained fairly stable, ranging from around 11 to 12 days. This suggests that Dycom Industries Inc was able to effectively control its inventory levels during this period.
However, from January 2024 onwards, there was a noticeable decrease in the DOH, with the metric falling below 11 days by July 2024. This downward trend indicates that the company might have improved its inventory management practices, leading to a reduced amount of time it takes to sell its inventory.
Overall, the decreasing trend in DOH observed in recent periods could imply that Dycom Industries Inc is becoming more efficient in managing its inventory, potentially resulting in lower carrying costs and improved liquidity. Further monitoring of this trend will be crucial to assess the continued efficiency of the company's inventory management practices.
Peer comparison
Jan 31, 2025