Dycom Industries Inc (DY)
Payables 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 |
| Payables | US$ in thousands | 241,007 | 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 |
| Payables turnover | 16.60 | 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 |
October 26, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,999,518K ÷ $241,007K
= 16.60
The payables turnover ratio for Dycom Industries Inc has shown a generally stable trend over the past few years, with some fluctuations noted. The ratio measures how efficiently the company is managing its accounts payable by indicating how many times during a period the company pays off its suppliers.
The payables turnover ratio has ranged between 15.66 and 18.28 over the past several quarters, with an average of approximately 16.52. This suggests that, on average, Dycom Industries Inc is able to pay off its suppliers around 16 times per year.
A higher payables turnover ratio typically indicates that the company is effectively managing its payables and settling its obligations in a timely manner. However, it is also essential to consider industry norms and company-specific factors when interpreting this ratio.
Overall, the consistent payables turnover ratio for Dycom Industries Inc reflects a relatively efficient management of its accounts payable, which is a positive indicator of its financial health and operational efficiency in terms of managing its working capital.
Peer comparison
Oct 26, 2024