Dycom Industries Inc (DY)
Total asset 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 |
| Total assets | US$ in thousands | 2,516,880 | 2,313,250 | 2,118,220 | 1,944,160 | 2,217,630 |
| Total asset turnover | 1.65 | 1.64 | 1.46 | 1.64 | 1.49 |
January 27, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,151,320K ÷ $2,516,880K
= 1.65
The total asset turnover ratio for Dycom Industries, Inc. has fluctuated over the past five years, ranging from 1.48 in January 29, 2022, to 1.66 in January 27, 2024. This ratio measures the company's ability to generate sales revenue relative to the total assets it holds. A higher total asset turnover ratio generally indicates that the company is more efficient in generating sales from its assets.
In the latest fiscal year (January 27, 2024), Dycom Industries, Inc. achieved a total asset turnover ratio of 1.66, showing a slight improvement from the previous year. This suggests that the company was able to generate $1.66 in revenue for every dollar of assets it held during that period, reflecting efficient asset utilization.
On average, Dycom Industries, Inc. has demonstrated a solid performance in terms of total asset turnover, with ratios consistently above 1.5 in the past five years. This indicates that the company has been effective in leveraging its assets to drive sales and generate revenue. Overall, the trend in total asset turnover for Dycom Industries, Inc. portrays a positive picture of asset management efficiency and revenue generation capability.
Peer comparison
Jan 27, 2024