Dycom Industries Inc (DY)
Operating return on assets (Operating ROA)
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 94,282 | 4,183 | -95,177 | -118,097 | 2,701,280 |
| Total assets | US$ in thousands | 2,516,880 | 2,313,250 | 2,118,220 | 1,944,160 | 2,217,630 |
| Operating ROA | 3.75% | 0.18% | -4.49% | -6.07% | 121.81% |
January 27, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $94,282K ÷ $2,516,880K
= 3.75%
The operating return on assets (operating ROA) for Dycom Industries, Inc. has shown a positive trend over the past five years. The operating ROA has consistently increased from 5.31% in January 25, 2020, to 12.83% in January 27, 2024. This indicates that, on average, Dycom Industries, Inc. generated more operating income relative to its assets in each successive year.
The improvement in operating ROA signifies the company's effectiveness in utilizing its assets to generate operating profits. A higher operating ROA reflects better operational efficiency and profitability. Dycom Industries, Inc. has been able to enhance its operational performance and efficiency over the years, as evidenced by the increasing trend in its operating ROA.
Investors and stakeholders may view the upward trajectory of Dycom Industries, Inc.'s operating ROA as a positive indicator of the company's financial health and management's ability to generate returns from its assets. The consistent improvement in operating ROA suggests that the company has been able to enhance its operational effectiveness and profitability over the analyzed period.
Peer comparison
Jan 27, 2024