The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Dycom Industries has an asset utilization ratio of 147.79 percent. This suggests that the company is making $1.48 for each dollar of assets. An increasing asset utilization means that Dycom Industries is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of Dycom Industries
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Dycom Industries, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Dycom Industries based on Dycom Industries hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Dycom Industries's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Dycom Industries's related companies.
Use Technical Analysis to project Dycom expected Price
Dycom Industries technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Dycom Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dycom Industries trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Dycom Industries Gross Profit
Dycom Industries Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Dycom Industries previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Dycom Industries Gross Profit growth over the last 10 years. Please check Dycom Industries'
gross profit and other
fundamental indicators for more details.
Details
The company generated the yearly revenue of 3.13
B. Reported Net Income was 48.57
M with gross profit of 496.64
M.
Deferred Revenue Breakdown
Dycom Industries Deferred Revenue yearly trend continues to be fairly stable with very little volatility. Deferred Revenue will likely drop to about 18.3
M in 2023. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Dycom Industries Deferred Revenue is fairly stable at the moment as compared to the past year. Dycom Industries reported Deferred Revenue of 19.56 Million in 2022
| 2010 | 16.33 Million |
| 2020 | 18.51 Million |
| 2022 | 19.56 Million |
| 2023 | 18.34 Million |
Dycom showing appearance of lower volatility
Kurtosis just dropped to -0.6, may suggest upcoming price decline. Dycom Industries exhibits very low volatility with skewness of -0.06 and kurtosis of -0.6. However, we advise investors to further study Dycom Industries technical indicators to ensure that all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Dycom Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Dycom Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
While other companies under the engineering & construction industry are still a bit expensive, Dycom Industries may offer a potential longer-term growth to investors. With an optimistic outlook on your 90 days horizon, it may be a good time to acquire new shares of Dycom or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Dycom Industries.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Dycom Industries. Please refer to our
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