Dycom Industries Inc (DY)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,022,601 | 4,193,014 | 4,152,445 | 4,046,645 | 3,883,875 | 3,616,893 | 3,536,714 | 3,494,897 | 3,488,622 | 3,615,985 | 3,582,689 | 3,541,739 | 3,476,988 | 3,323,905 | 3,321,436 | 3,315,808 | 3,383,475 | 3,493,033 | 3,387,866 | 3,110,905 |
| Inventory | US$ in thousands | 127,255 | 115,973 | 115,973 | 101,248 | 101,248 | 103,952 | 103,952 | 108,565 | 108,565 | 114,016 | 114,016 | 117,225 | 117,225 | 115,748 | 115,748 | 114,972 | 114,972 | 107,135 | 107,135 | 98,883 |
| Inventory turnover | 31.61 | 36.16 | 35.81 | 39.97 | 38.36 | 34.79 | 34.02 | 32.19 | 32.13 | 31.71 | 31.42 | 30.21 | 29.66 | 28.72 | 28.70 | 28.84 | 29.43 | 32.60 | 31.62 | 31.46 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,022,601K ÷ $127,255K
= 31.61
Inventory turnover is a key financial ratio that measures the efficiency of a company in managing its inventory. It indicates how many times a company's inventory is sold and replaced over a specific period. For Dycom Industries Inc, the inventory turnover has shown fluctuations over the past few quarters.
The trend in Dycom Industries Inc's inventory turnover ratio indicates a relatively stable performance in efficiently managing its inventory. The inventory turnover ratio has ranged from a low of 28.70 to a high of 39.97 over the period covered. A higher turnover ratio generally indicates that the company is selling its inventory quickly, which can be a positive sign of efficient operations and effective sales strategies.
It is important to note that a consistently high inventory turnover ratio may also signal tight inventory control, strong sales performance, and effective inventory management practices. On the other hand, a declining ratio could indicate overstocking, slowing sales, or inefficiencies in inventory management.
Overall, the inventory turnover ratio for Dycom Industries Inc has shown variability but remains within a reasonable range, suggesting that the company is effectively managing its inventory levels. Monitoring this ratio over time can provide insights into the company's operational efficiency and inventory management practices.
Peer comparison
Jan 31, 2025
Jan 31, 2025