Dycom Industries Inc (DY)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,557,750 | 4,668,830 | 4,803,840 | 4,683,070 | 4,432,465 | 4,189,320 | 4,183,010 | 4,171,540 | 4,260,625 | 4,344,990 | 4,254,350 | 4,165,750 | 4,041,676 | 3,922,322 | 3,919,272 | 3,914,322 | 3,969,129 | 4,018,056 | 3,851,936 | 3,576,447 |
| Property, plant and equipment | US$ in thousands | — | — | 514,858 | — | 482,996 | — | 458,197 | — | 444,909 | 505,108 | 430,739 | 393,233 | 393,233 | 374,415 | 374,415 | 435,092 | 367,852 | 403,258 | 337,175 | 312,805 |
| Fixed asset turnover | — | — | 9.33 | — | 9.18 | — | 9.13 | — | 9.58 | 8.60 | 9.88 | 10.59 | 10.28 | 10.48 | 10.47 | 9.00 | 10.79 | 9.96 | 11.42 | 11.43 |
January 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,557,750K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Dycom Industries Inc's fixed asset turnover ratio fluctuated over the analyzed period, ranging from a high of 11.43 to a low of 8.60. The ratio indicates that, on average, Dycom generated $11.43 in revenue for every $1 invested in fixed assets in July 2022, while this figure decreased to $8.60 in October 31, 2023.
Generally, a higher fixed asset turnover ratio is preferable as it indicates that the company is effectively using its fixed assets to generate sales. The decreasing trend in Dycom's fixed asset turnover may suggest a potential inefficiency in the utilization of its fixed assets over time. It is important for the company to investigate the reasons behind this decline and explore ways to improve the efficiency of its fixed asset utilization in order to enhance profitability and sustainable growth in the long term.
Peer comparison
Jan 31, 2025