Dycom Industries Inc (DY)
Return on equity (ROE)
| Jan 27, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Jan 25, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 218,923 | 142,213 | 48,574 | 34,337 | 57,215 |
| Total stockholders’ equity | US$ in thousands | 1,054,660 | 868,755 | 758,544 | 811,308 | 868,604 |
| ROE | 20.76% | 16.37% | 6.40% | 4.23% | 6.59% |
January 27, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $218,923K ÷ $1,054,660K
= 20.76%
Dycom Industries, Inc.'s return on equity (ROE) has shown a consistent upward trend over the five-year period from January 25, 2020, to January 27, 2024. The ROE increased from 6.59% in 2020 to 20.76% in 2024, reflecting the company's improvement in generating profit from shareholders' equity.
The significant increase in ROE from 2020 to 2024 suggests that Dycom Industries has been effectively utilizing its equity to generate profits for its shareholders. This indicates improved efficiency in the company's operations and better management of assets and liabilities.
The consistent growth in ROE signifies that Dycom Industries has been able to increase its profitability relative to its equity base over time, which is a positive indicator of the company's financial health and performance. This trend suggests that the company has been successful in creating value for its shareholders and enhancing its overall financial strength and stability.
Peer comparison
Jan 27, 2024