Dycom Industries Inc (DY)
Number of days of payables
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 16.70 | 16.70 | 18.69 | 18.72 | 2.68 | |
| Number of days of payables | days | 21.86 | 21.86 | 19.53 | 19.50 | 136.43 |
January 27, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.70
= 21.86
The analysis of Dycom Industries, Inc.'s number of days of payables over the years shows a general increasing trend, indicating that the company is taking more time to pay its suppliers.
In 2024, the number of days of payables increased to 24.12 days compared to 23.99 days in 2023. This suggests that the company took slightly longer to settle its payables in the most recent year.
Over a longer period, the number of days of payables has generally been on the rise. In 2022, the company took 21.60 days to pay its suppliers, which increased from 21.96 days in 2021. This indicates that Dycom Industries, Inc. extended its payment period by a slight margin between these two years.
The most significant change in the number of days of payables occurred between 2020 and 2021. In 2020, the company only took 15.71 days to pay its payables, but this increased to 21.96 days in 2021, indicating a substantial shift towards a longer payment period.
Overall, the increasing trend in Dycom Industries, Inc.'s number of days of payables suggests that the company may be managing its working capital by delaying payments to suppliers, potentially providing some short-term cash flow benefits. However, this practice could also strain relationships with suppliers if not managed carefully.
Peer comparison
Jan 27, 2024