Dycom Industries Inc (DY)
Total asset 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 |
| Total assets | US$ in thousands | 3,114,700 | 2,779,400 | 2,611,610 | 2,516,880 | 2,664,160 | 2,395,600 | 2,311,720 | 2,313,250 | 2,305,300 | 2,206,370 | 2,132,110 | 2,118,220 | 2,204,700 | 2,241,850 | 2,263,020 | 1,944,160 | 2,065,060 | 2,144,690 | 2,812,860 | 2,217,630 |
| Total asset turnover | 1.46 | 1.59 | 1.63 | 1.65 | 1.55 | 1.68 | 1.71 | 1.64 | 1.58 | 1.56 | 1.53 | 1.47 | 1.41 | 1.37 | 1.37 | 1.64 | 1.54 | 1.51 | 1.17 | 1.50 |
October 26, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,552,805K ÷ $3,114,700K
= 1.46
Total asset turnover is a key financial ratio that indicates the efficiency with which a company utilizes its assets to generate revenue. In the case of Dycom Industries Inc, the total asset turnover has fluctuated over the past several quarters, ranging from a low of 1.37 to a high of 1.71.
A higher total asset turnover signifies that Dycom is generating more sales relative to its total assets, which is generally a positive indicator of operational efficiency. The company saw its highest total asset turnover of 1.71 in the second quarter of the fiscal year 2024, indicating that Dycom was able to generate $1.71 in revenue for every dollar of assets during that period.
However, there have been fluctuations in the ratio over time, indicating potential changes in the company's asset utilization and revenue generation efficiency. For example, in the most recent quarter, the total asset turnover was 1.46, which was lower than the previous quarter. This could suggest a decrease in the efficiency of asset utilization or a slowdown in revenue generation relative to total assets.
Overall, monitoring the total asset turnover ratio for Dycom Industries Inc can provide insights into the company's operational efficiency and its ability to generate revenue from its asset base. It is important for investors and analysts to track this ratio over time to assess the company's performance and financial health.
Peer comparison
Oct 26, 2024