Dycom Industries Inc (DY)
Cash conversion cycle
| Jan 31, 2025 | Jan 31, 2024 | Jan 27, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 12.32 | 11.79 | 10.68 | 13.28 | 12.10 |
| Days of sales outstanding (DSO) | days | — | — | 109.60 | — | 103.29 |
| Number of days of payables | days | — | — | 21.86 | — | 21.86 |
| Cash conversion cycle | days | 12.32 | 11.79 | 98.42 | 13.28 | 93.52 |
January 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 12.32 + — – —
= 12.32
The cash conversion cycle of Dycom Industries Inc has shown fluctuations over the years. In January 2023, the company had a cash conversion cycle of 93.52 days, indicating that it took approximately 93 days to convert its investments in inventory and other resources into cash. By January 2024, the cycle increased to 98.42 days, suggesting a longer period for the company to convert its resources into cash.
However, in January 2023, there was a significant improvement in the cash conversion cycle, dropping to 13.28 days, demonstrating a more efficient process of converting investments into cash. This trend continued into January 2024, with a further decrease in the cycle to 11.79 days, indicating even more efficient management of working capital.
By January 2025, the cash conversion cycle slightly increased to 12.32 days, still maintaining a relatively low level compared to previous years. Overall, despite fluctuations, Dycom Industries Inc has shown an improvement in managing its working capital and turning investments into cash efficiently over the years.
Peer comparison
Jan 31, 2025