Dycom Industries Inc (DY)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 238,108 | 229,954 | 218,923 | 220,314 | 190,590 | 174,200 | 142,213 | 118,198 | 92,903 | 67,212 | 48,574 | 43,585 | 48,794 | 67,653 | 34,337 | 27,343 | 17,646 | 10,518 | 57,215 | 56,350 |
| 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 |
| ROA | 8.57% | 8.81% | 8.70% | 8.27% | 7.96% | 7.54% | 6.15% | 5.13% | 4.21% | 3.15% | 2.29% | 1.98% | 2.18% | 2.99% | 1.77% | 1.32% | 0.82% | 0.37% | 2.58% | 2.35% |
July 27, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $238,108K ÷ $2,779,400K
= 8.57%
Over the past several quarters, Dycom Industries Inc's return on assets (ROA) has shown a steady improvement. The ROA increased from 2.35% in October 2019 to 8.57% in July 2024. This indicates that the company has been effectively utilizing its assets to generate profits for its shareholders.
The consistent upward trend in ROA suggests that Dycom Industries Inc has been efficiently managing its assets to generate higher returns over time. This improvement could be attributed to the company's operational efficiency, cost management, and strategic investments.
Overall, the increasing trend in ROA reflects positively on Dycom Industries Inc's financial performance and indicates that the company has been successful in maximizing the return generated from its assets. It demonstrates effective utilization of resources and a potential for sustained profitability in the future, as long as the company maintains its operational efficiency and continues to make strategic decisions to enhance asset productivity.
Peer comparison
Jul 27, 2024