Dycom Industries Inc (DY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,158,450 | 1,080,630 | 1,054,660 | 1,053,950 | 964,046 | 897,434 | 868,755 | 858,616 | 797,016 | 758,338 | 758,544 | 810,774 | 780,421 | 809,953 | 811,308 | 913,124 | 873,748 | 833,894 | 868,604 | 880,150 |
| ROE | 20.55% | 21.28% | 20.76% | 20.90% | 19.77% | 19.41% | 16.37% | 13.77% | 11.66% | 8.86% | 6.40% | 5.38% | 6.25% | 8.35% | 4.23% | 2.99% | 2.02% | 1.26% | 6.59% | 6.40% |
July 27, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $238,108K ÷ $1,158,450K
= 20.55%
The return on equity (ROE) of Dycom Industries Inc has shown fluctuations over the past few years. From Q2 2024 to Q2 2022, the ROE has been gradually decreasing from 21.28% to 8.86%. However, there was a slight uptick in Q1 2022 before decreasing again in subsequent quarters.
It is important to note that a declining ROE trend may indicate a less efficient utilization of shareholder equity to generate profits. The ROE saw a significant drop in Q1 2023, reaching 16.37%, which could be a cause for concern as it signifies a decrease in the company's profitability relative to its equity.
Overall, Dycom Industries Inc has experienced varying levels of ROE, signaling fluctuating performance in generating returns for its shareholders. Monitoring this ratio over time is crucial for assessing the company's financial health and its ability to generate value for its investors.
Peer comparison
Jul 27, 2024