Dycom Industries Inc (DY)
Receivables turnover
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,151,320 | 3,784,600 | 3,101,480 | 3,191,570 | 3,303,640 |
| Receivables | US$ in thousands | 1,246,490 | 1,070,940 | 909,408 | 859,863 | 820,632 |
| Receivables turnover | 3.33 | 3.53 | 3.41 | 3.71 | 4.03 |
January 27, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,151,320K ÷ $1,246,490K
= 3.33
Dycom Industries, Inc.'s receivables turnover ratio has exhibited a downward trend over the last five years, decreasing from 4.09 in January 2020 to 3.36 in January 2024. This decline suggests that the company is taking longer to collect its accounts receivable as a ratio below 4 indicates a longer collection period. A lower receivables turnover ratio could be a sign of inefficiency in collecting payments from customers or changes in payment terms. It is essential for Dycom Industries to monitor and improve its accounts receivable collection process to ensure timely inflow of cash and efficient working capital management.
Peer comparison
Jan 27, 2024