Dycom Industries Inc (DY)
Liquidity ratios
| Jan 31, 2025 | Oct 31, 2024 | Oct 26, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.89 | 3.12 | 3.12 | 3.44 | 3.44 | 3.17 | 3.17 | 3.06 | 3.06 | 3.50 | 3.50 | 3.39 | 3.39 | 3.43 | 3.43 | 3.18 | 3.18 | 3.21 | 3.21 | 3.32 |
| Quick ratio | 0.16 | 0.03 | 2.76 | 0.04 | 3.00 | 0.09 | 2.73 | 0.24 | 2.66 | 0.07 | 3.03 | 0.23 | 2.85 | 0.21 | 2.91 | 0.52 | 2.76 | 0.18 | 2.78 | 0.32 |
| Cash ratio | 0.16 | 0.03 | 0.03 | 0.04 | 0.04 | 0.09 | 0.05 | 0.24 | 0.20 | 0.07 | 0.03 | 0.23 | 0.18 | 0.21 | 0.16 | 0.52 | 0.48 | 0.18 | 0.14 | 0.32 |
Dycom Industries Inc's liquidity ratios indicate a strong ability to meet its short-term obligations. The current ratio has remained consistently high, ranging between 3.06 and 3.50 over the past few quarters. This shows that the company has more than enough current assets to cover its current liabilities, providing a buffer for any unexpected downturns.
The quick ratio, which excludes inventory from current assets, also demonstrates a healthy liquidity position for Dycom Industries Inc. Despite some fluctuations, the quick ratio generally remains above 2.00, indicating a strong ability to cover immediate liabilities with the most liquid assets.
Lastly, the cash ratio reflects the company's ability to pay off its current liabilities using only its cash and cash equivalents. Although the cash ratio is lower compared to the current and quick ratios, it consistently shows a positive trend, ranging from 0.03 to 0.52. This suggests that Dycom Industries Inc has an adequate level of cash on hand to meet its short-term obligations.
Overall, Dycom Industries Inc's liquidity ratios paint a positive picture of the company's financial health, indicating a strong ability to handle its short-term financial obligations.
Additional liquidity measure
| Jan 31, 2025 | Oct 31, 2024 | Oct 26, 2024 | Jul 31, 2024 | Jul 27, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 11.55 | 10.10 | 115.35 | 9.13 | 112.22 | 10.49 | 108.64 | 11.34 | 94.90 | 11.51 | 115.34 | 12.08 | 101.54 | 12.71 | 101.71 | 12.66 | 88.48 | 11.19 | 107.82 | 11.60 |
The cash conversion cycle of Dycom Industries Inc fluctuated over the periods provided in the data. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash flow from sales.
Dycom's cash conversion cycle varied from a low of 9.13 days on July 31, 2024, to a high of 115.35 days on October 26, 2024. This indicates that the company faced significant fluctuations in managing its working capital efficiently during the periods.
Overall, Dycom Industries Inc experienced periods where it efficiently converted its investments into cash quickly, while in other periods, the conversion process took significantly longer. Analyzing the reasons behind these fluctuations can provide insights into the company's operational efficiency and working capital management strategies.