Dycom Industries Inc (DY)
Inventory turnover
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,709,290 | 3,469,040 | 2,913,810 | 2,975,620 | 319,998 |
| Inventory | US$ in thousands | 108,565 | 114,972 | 81,291 | 70,849 | 98,324 |
| Inventory turnover | 34.17 | 30.17 | 35.84 | 42.00 | 3.25 |
January 27, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,709,290K ÷ $108,565K
= 34.17
The inventory turnover ratio for Dycom Industries, Inc. has exhibited fluctuations over the past five years. In the most recent fiscal year, ending January 27, 2024, the inventory turnover ratio was 30.97, which indicates that the company turned over its inventory approximately 30.97 times during that period. This represents an increase from the previous year's ratio of 27.49.
Comparing the current ratio to the ratios from the past five years, we observe variability in Dycom's inventory management efficiency. The highest inventory turnover ratio was seen in January 30, 2021, at 37.29, suggesting that the company was more effective in managing its inventory levels and converting them into sales during that period.
On the other hand, the lowest inventory turnover ratio was recorded on January 25, 2020, at 28.27, indicating a relatively lower rate of inventory turnover compared to other years.
Overall, Dycom Industries, Inc.'s inventory turnover ratio has fluctuated over the past five years, signaling changes in the effectiveness of the company's inventory management practices and sales performance. Potential reasons for these fluctuations could include shifts in demand, changes in production cycles, or alterations in inventory management strategies. Further analysis would be necessary to determine the underlying reasons for these trends.
Peer comparison
Jan 27, 2024