Dycom Industries Inc (DY)
Working capital turnover
| 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 | Oct 26, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 3,327,781 |
| Total current assets | US$ in thousands | 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 | 1,411,930 |
| Total current liabilities | US$ in thousands | 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 | 364,787 |
| Working capital turnover | 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 | 3.18 |
July 27, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,420,565K ÷ ($1,760,660K – $511,103K)
= 3.54
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. Dycom Industries Inc's working capital turnover has shown some fluctuation over the last few periods, ranging from a low of 2.20 to a high of 4.44.
On average, the company has a working capital turnover ratio of approximately 3.49, indicating that for every dollar of working capital invested, Dycom generates around $3.49 in sales revenue. This suggests that Dycom has been relatively effective in utilizing its working capital to drive revenue generation.
It is important to note that a higher working capital turnover ratio is generally preferred as it signifies that the company is efficiently managing its working capital. The fluctuation in Dycom's working capital turnover ratio over the periods indicates potential changes in the company's management of working capital resources.
Overall, while Dycom Industries Inc's working capital turnover ratio has varied, it remains within a reasonable range, indicating that the company is effectively leveraging its working capital to support its sales activities.
Peer comparison
Jul 27, 2024