Dycom Industries Inc (DY)
Working capital 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 current assets | US$ in thousands | 1,550,040 | 1,492,680 | 1,356,090 | 1,168,630 | 1,258,290 |
| Total current liabilities | US$ in thousands | 506,304 | 469,551 | 381,796 | 448,490 | 323,025 |
| Working capital turnover | 3.98 | 3.70 | 3.18 | 4.43 | 3.53 |
January 27, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,151,320K ÷ ($1,550,040K – $506,304K)
= 3.98
Dycom Industries, Inc. has shown a consistent trend in its working capital turnover ratio over the past five years. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
With a working capital turnover ratio of 4.00 in January 27, 2024, Dycom Industries, Inc. has improved its efficiency in utilizing working capital compared to the previous years. This indicates that the company is able to generate $4.00 in revenue for every dollar of working capital invested.
In the prior year, the working capital turnover ratio was 3.72, which suggests a slightly lower efficiency compared to the most recent year but still reflects a strong ability to leverage working capital effectively.
Looking back further, in January 29, 2022, the working capital turnover ratio was 3.21, showing a notable increase in efficiency compared to the earlier years. On January 30, 2021, the ratio peaked at 4.44, indicating the company's highest level of efficiency in recent years.
On January 25, 2020, the working capital turnover ratio was 3.57, which was lower compared to the following years but still indicated a relatively efficient use of working capital.
Overall, Dycom Industries, Inc. has shown a positive trend in its working capital turnover ratio over the past five years, indicating an improvement in the efficiency of utilizing working capital to generate sales revenue.
Peer comparison
Jan 27, 2024