Dycom Industries Inc (DY)
Inventory turnover
| Oct 26, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,999,518 | 3,851,901 | 3,712,282 | 3,629,515 | 3,603,795 | 3,557,217 | 3,513,692 | 3,393,479 | 3,284,455 | 3,127,724 | 2,973,305 | 2,774,306 | 2,763,148 | 2,712,267 | 2,721,980 | 2,906,526 | 2,894,253 | 2,243,445 | 1,583,352 | 850,917 |
| Inventory | US$ in thousands | 115,973 | 101,248 | 103,952 | 108,565 | 114,016 | 117,225 | 115,748 | 114,972 | 107,135 | 98,883 | 94,067 | 81,291 | 69,876 | 69,685 | 71,059 | 70,849 | 70,827 | 77,754 | 92,622 | 98,324 |
| Inventory turnover | 34.49 | 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 |
October 26, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,999,518K ÷ $115,973K
= 34.49
Based on the data provided, Dycom Industries Inc's inventory turnover has shown varying levels over the periods mentioned. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating how many times the company sells and replaces its inventory within a specific period.
Dycom's inventory turnover has generally been on an increasing trend, indicating improved efficiency in managing its inventory. This trend suggests that Dycom is selling through its inventory at a faster rate in recent periods compared to historical periods. A higher inventory turnover ratio is generally considered favorable as it signifies that the company is effectively managing its inventory levels, avoiding excess stock that could lead to obsolescence or increased holding costs.
The highest inventory turnover ratio recorded was 41.02 in January 2021, which indicates that Dycom sold and replaced its inventory over 41 times during that period. This suggests strong demand for Dycom's products or efficient inventory management practices.
Conversely, the lowest inventory turnover ratio was 8.65 in January 2020, indicating a significant decline in inventory turnover during that period. A low inventory turnover ratio may suggest overstocking, slow-moving inventory, or inadequate sales.
Overall, Dycom Industries Inc's improving inventory turnover ratios reflect positively on its inventory management efficiency and its ability to meet customer demand effectively.
Peer comparison
Oct 26, 2024
Oct 26, 2024