Dycom Industries Inc (DY)
Payables turnover
| 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 | Oct 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 329,762 |
| Payables | US$ in thousands | 233,533 | 212,887 | 222,121 | 215,278 | 204,776 | 196,183 | 207,739 | 200,980 | 187,570 | 176,447 | 155,896 | 173,599 | 173,235 | 171,013 | 158,966 | 183,679 | 177,275 | 194,417 | 119,612 | 129,531 |
| Payables turnover | 16.49 | 17.44 | 16.34 | 16.74 | 17.37 | 17.91 | 16.34 | 16.34 | 16.67 | 16.85 | 17.80 | 15.92 | 15.66 | 15.92 | 18.28 | 15.76 | 12.66 | 8.14 | 7.11 | 2.55 |
July 27, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,851,901K ÷ $233,533K
= 16.49
The payables turnover ratio for Dycom Industries Inc has been relatively stable over the past few quarters, ranging from a low of 15.66 to a high of 18.28. This ratio indicates how efficiently the company is managing its accounts payable by measuring how many times the company pays off its suppliers within a given period. A higher payables turnover ratio generally indicates that the company is paying its suppliers quickly, which can be a sign of good financial health and strong working capital management.
Dycom's payables turnover ratio has been consistently above 15 in recent quarters, suggesting that the company has been effectively managing its payables and maintaining good relationships with its suppliers. This trend indicates that Dycom is efficiently utilizing its cash flow to meet its obligations to suppliers in a timely manner. However, it is important to note that a very high payables turnover ratio could also indicate that the company is overly aggressive in delaying payments to suppliers, which could potentially strain supplier relationships.
Overall, Dycom Industries Inc's payables turnover ratio reflects a consistent and efficient approach to managing its accounts payable, which is a positive indicator of the company's financial performance and liquidity position.
Peer comparison
Jul 27, 2024