Dycom Industries Inc (DY)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 270,599 | 267,944 | 263,462 | 254,193 | 215,818 | 200,710 | 164,557 | 117,596 | 96,311 | 71,425 | 198,662 | 199,004 | 217,447 | 244,315 | 24,730 | 23,941 | 726,543 | 1,447,480 | 2,255,149 | 2,266,089 |
| Total assets | US$ in thousands | 2,779,400 | 2,611,610 | 2,516,880 | 2,664,160 | 2,395,600 | 2,311,720 | 2,313,250 | 2,305,300 | 2,206,370 | 2,132,110 | 2,118,220 | 2,204,700 | 2,241,850 | 2,263,020 | 1,944,160 | 2,065,060 | 2,144,690 | 2,812,860 | 2,217,630 | 2,395,580 |
| Operating ROA | 9.74% | 10.26% | 10.47% | 9.54% | 9.01% | 8.68% | 7.11% | 5.10% | 4.37% | 3.35% | 9.38% | 9.03% | 9.70% | 10.80% | 1.27% | 1.16% | 33.88% | 51.46% | 101.69% | 94.59% |
July 27, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $270,599K ÷ $2,779,400K
= 9.74%
Operating return on assets (ROA) is a key financial ratio that measures a company's efficiency in generating operating income from its assets. Dycom Industries Inc's operating ROA has fluctuated over the past few quarters, ranging from a low of 1.16% in January 2021 to a high of 101.69% in January 2020.
In the most recent quarter, the operating ROA was 9.74%, indicating that for every dollar of assets, Dycom generated approximately 9.74 cents in operating income. This suggests a moderate level of efficiency in utilizing its assets to generate operating profits.
Overall, Dycom Industries' operating ROA trended positively from early 2020 to mid-2022, showing steady improvement in asset utilization and operational efficiency. However, there was a slight decline in operating ROA in the most recent quarters, which may warrant further investigation into potential reasons behind this trend. Analysts may want to assess the company's asset management strategies, operating performance, and cost controls to understand the factors influencing Dycom Industries Inc's operating ROA fluctuations.
Peer comparison
Jul 27, 2024