Dycom Industries Inc (DY)
Fixed asset turnover
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,151,320 | 3,784,600 | 3,101,480 | 3,191,570 | 3,303,640 |
| Property, plant and equipment | US$ in thousands | 444,909 | 367,852 | 294,798 | 273,960 | 376,610 |
| Fixed asset turnover | 9.33 | 10.29 | 10.52 | 11.65 | 8.77 |
January 27, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,151,320K ÷ $444,909K
= 9.33
The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. Dycom Industries, Inc.'s fixed asset turnover has ranged from 8.87 to 11.68 over the past five years.
The trend indicates that the company has been effectively utilizing its fixed assets to generate revenue, with a peak of 11.68 in January 2021. However, the ratio decreased slightly to 9.39 in January 2024, suggesting a lower level of revenue generated per dollar of fixed assets invested.
Overall, Dycom Industries, Inc. has maintained a relatively high fixed asset turnover, reflecting its ability to efficiently utilize its fixed assets to generate sales. Further analysis would be needed to determine the specific factors driving the fluctuations in the ratio over the years.
Peer comparison
Jan 27, 2024