Dycom Industries Inc (DY)
Days of inventory on hand (DOH)
| Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 24, 2020 | Jul 25, 2020 | Apr 25, 2020 | Jan 25, 2020 | Oct 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 38.04 | 35.71 | 33.43 | 31.61 | 30.35 | 30.36 | 29.52 | 30.66 | 31.63 | 31.61 | 34.13 | 39.54 | 38.92 | 38.31 | 41.02 | 40.86 | 28.85 | 17.09 | 8.65 | 3.14 | |
| DOH | days | 9.59 | 10.22 | 10.92 | 11.55 | 12.03 | 12.02 | 12.37 | 11.91 | 11.54 | 11.55 | 10.70 | 9.23 | 9.38 | 9.53 | 8.90 | 8.93 | 12.65 | 21.35 | 42.18 | 116.13 |
July 27, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 38.04
= 9.59
Dycom Industries Inc's days of inventory on hand (DOH) has exhibited fluctuations over the past few years. The trend shows an overall improvement in managing inventory levels efficiently.
From October 2019 to January 2021, the DOH significantly increased, reaching a peak of 42.18 days in April 2020 and a staggering 116.13 days in October 2019. This suggests that Dycom was holding higher levels of inventory relative to its sales during this period.
However, from January 2021 to January 2022, there was a notable decrease in DOH, indicating a more efficient inventory management strategy. The company was able to reduce the number of days inventory was held, potentially saving costs associated with excess inventory.
From January 2022 to July 2024, the DOH remained relatively stable between 9.23 days and 12.37 days. This suggests that Dycom maintained a consistent approach to inventory management during this period, neither significantly overstocking nor understocking.
Overall, Dycom Industries Inc's management of inventory has shown improvement, with fluctuations in DOH reflecting adjustments in inventory levels to align with sales demand. Maintaining a balance between holding enough inventory to meet customer demand and avoiding excess inventory will be crucial for the company's financial performance and operational efficiency.
Peer comparison
Jul 27, 2024