Dycom Industries Inc (DY)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,552,805 | 4,420,565 | 4,261,785 | 4,161,715 | 4,126,726 | 4,033,176 | 3,962,749 | 3,793,400 | 3,637,415 | 3,445,701 | 3,258,566 | 3,113,492 | 3,102,676 | 3,066,967 | 3,106,716 | 3,196,146 | 3,183,084 | 3,245,806 | 3,304,189 | 3,316,765 |
| Receivables | US$ in thousands | 1,662,760 | 1,513,730 | 1,373,870 | 1,246,490 | 1,464,570 | 1,226,100 | 1,187,020 | 1,070,940 | 1,244,590 | 1,125,080 | 1,009,690 | 909,408 | 967,261 | 941,579 | — | 859,863 | 939,755 | 898,754 | 870,791 | 820,632 |
| Receivables turnover | 2.74 | 2.92 | 3.10 | 3.34 | 2.82 | 3.29 | 3.34 | 3.54 | 2.92 | 3.06 | 3.23 | 3.42 | 3.21 | 3.26 | — | 3.72 | 3.39 | 3.61 | 3.79 | 4.04 |
October 26, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,552,805K ÷ $1,662,760K
= 2.74
The receivables turnover ratio for Dycom Industries Inc has shown fluctuations over the past few years. The ratio indicates how efficiently the company is able to collect its accounts receivable during a given period.
From January 2020 to April 2023, the receivables turnover ratio showed a generally increasing trend, reaching a peak of 3.54 in April 2023. This suggests that the company was improving its collection efforts and converting its accounts receivable into cash at a faster rate during this period.
However, from October 2023 to July 2024, the ratio started to fluctuate, indicating some variability in the company's collection efficiency. The ratio ranged between 2.82 to 3.34 during this period, showing a bit of inconsistency in collecting receivables.
It is important to note that a higher receivables turnover ratio is generally preferable as it implies a shorter time to collect outstanding payments. A lower ratio may indicate potential issues with collecting receivables promptly.
Overall, Dycom Industries Inc's receivables turnover ratio has demonstrated some fluctuation, highlighting the importance of monitoring and improving collection practices to maintain efficient cash flow management.
Peer comparison
Oct 26, 2024