Dycom Industries Inc (DY)
Inventory turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,769,880 | 3,361,820 | 3,709,290 | 3,160,260 | 3,469,040 |
| Inventory | US$ in thousands | 127,255 | 108,565 | 108,565 | 114,972 | 114,972 |
| Inventory turnover | 29.62 | 30.97 | 34.17 | 27.49 | 30.17 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,769,880K ÷ $127,255K
= 29.62
Dycom Industries Inc has exhibited a fluctuating trend in its inventory turnover rate over the analyzed periods. In January 2023, the inventory turnover stood at 30.17 times, indicating that the company sold and replaced its inventory approximately 30 times during that year. The turnover ratio decreased slightly to 27.49 in January 2023, which could suggest challenges in managing inventory or a slowdown in sales.
However, the company managed to improve its inventory turnover in the subsequent years, reaching 34.17 times in January 2024 and 30.97 times in January 2024. This increase could reflect more efficient inventory management practices or an uptick in sales during these periods.
In the most recent period of January 2025, Dycom Industries Inc experienced a slight decline in inventory turnover to 29.62 times. This indicates that the company sold and replaced its inventory approximately 29 times during that year.
Overall, Dycom Industries Inc's inventory turnover ratios suggest a mix of fluctuations and improvements over the analyzed periods, highlighting the importance of closely monitoring inventory management practices to optimize efficiency and financial performance.
Peer comparison
Jan 31, 2025