Dycom Industries Inc (DY)
Working capital 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 current assets | US$ in thousands | 1,896,820 | 1,760,660 | 1,626,820 | 1,550,040 | 1,708,730 | 1,555,250 | 1,483,840 | 1,492,680 | 1,513,020 | 1,433,800 | 1,369,950 | 1,356,090 | 1,449,000 | 1,477,710 | 1,498,050 | 1,168,630 | 1,265,510 | 1,306,640 | 1,930,880 | 1,258,290 |
| Total current liabilities | US$ in thousands | 608,475 | 511,103 | 513,554 | 506,304 | 488,820 | 459,446 | 433,074 | 469,551 | 471,100 | 432,145 | 395,681 | 381,796 | 393,153 | 447,523 | 436,079 | 448,490 | 463,715 | 411,324 | 428,294 | 323,025 |
| Working capital turnover | 3.53 | 3.54 | 3.83 | 3.99 | 3.38 | 3.68 | 3.77 | 3.71 | 3.49 | 3.44 | 3.34 | 3.20 | 2.94 | 2.98 | 2.93 | 4.44 | 3.97 | 3.63 | 2.20 | 3.55 |
October 26, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,552,805K ÷ ($1,896,820K – $608,475K)
= 3.53
The working capital turnover for Dycom Industries Inc has exhibited fluctuations over the last few quarters. The ratio indicates how efficiently the company is utilizing its working capital to generate revenue. A higher working capital turnover implies that the company is generating more revenue per dollar of working capital employed.
From the data provided, the working capital turnover ranged from a low of 2.20 to a high of 4.44. The trend shows some variability, with the ratio generally fluctuating within a range. However, there are certain quarters where the working capital turnover stood out, such as in January 2021 and January 2024, where the ratios were significantly higher compared to other periods.
Overall, Dycom Industries Inc's working capital turnover has shown a somewhat inconsistent pattern, with some quarters performing better than others. Further analysis and comparison with industry averages or historical data could provide more insights into the company's working capital efficiency.
Peer comparison
Oct 26, 2024