MYR Group Inc (MYRG)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 48.64 | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 12.65 | 13.06 | 13.47 | 10.00 | 11.63 |
Looking at MYR Group Inc's activity ratios based on the provided data, we can make the following observations:
1. Inventory Turnover: MYR Group Inc's inventory turnover for December 31, 2021, stands at 48.64, indicating that the company is efficiently managing its inventory by quickly selling and restocking goods. However, data for other years is not available, making it difficult to assess the trend over time.
2. Receivables Turnover: Data for receivables turnover is not available for any of the years provided. Therefore, we cannot analyze how quickly the company is collecting payments from its customers.
3. Payables Turnover: Similar to receivables turnover, data for payables turnover is not available for any of the years provided. This makes it challenging to evaluate how effectively the company is managing its payables.
4. Working Capital Turnover: MYR Group Inc's working capital turnover has shown a fluctuating trend over the years, with values of 11.63 in 2020, 10.00 in 2021, 13.47 in 2022, 13.06 in 2023, and 12.65 in 2024. This ratio indicates how efficiently the company utilizes its working capital to generate revenue. The increasing trend from 2020 to 2022 followed by a slight decrease in 2023 and 2024 suggests improvements in the company's working capital management efficiency.
In conclusion, while MYR Group Inc seems to be effectively managing its inventory based on the available data, more information is needed to fully assess the efficiency of its receivables and payables turnover. The fluctuating trend in the working capital turnover ratio indicates variations in the company's efficiency in utilizing its working capital to generate sales.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | 7.50 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data on MYR Group Inc's activity ratios, we can see the following:
1. Days of Inventory on Hand:
- As of December 31, 2021, MYR Group Inc has an inventory turnover of 7.50 days. This indicates that, on average, it takes the company approximately 7.5 days to sell its inventory.
2. Days of Sales Outstanding (DSO):
- The data indicates that the Days of Sales Outstanding for MYR Group Inc is not available for the years provided. DSO measures how quickly a company is able to collect its accounts receivable.
3. Number of Days of Payables:
- The information shows that the Number of Days of Payables for MYR Group Inc is not available for the years provided. This ratio reflects how long it takes for the company to pay its suppliers.
Overall, based on the available data, we can only provide an analysis for the Days of Inventory on Hand ratio, which suggests MYR Group Inc has a relatively low inventory turnover, indicating efficient management of inventory. Unfortunately, the absence of data on DSO and Days of Payables limits a more comprehensive assessment of the company's overall activity efficiency.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 11.41 | 11.51 | 10.84 |
| Total asset turnover | 2.14 | 2.31 | 2.15 | 2.23 | 2.26 |
The fixed asset turnover ratio measures how effectively a company is utilizing its fixed assets to generate revenue. An increasing trend in this ratio indicates improved efficiency in generating sales from fixed assets. For MYR Group Inc, the fixed asset turnover ratio has shown a consistent improvement from 10.84 in 2020 to 11.51 in 2021, and then to 11.41 in 2022.
On the other hand, the total asset turnover ratio signifies how efficiently a company is using all its assets to generate sales. A higher total asset turnover ratio suggests that the company is generating more revenue from its total assets. However, it seems MYR Group Inc's total asset turnover ratio has declined slightly from 2.26 in 2020 to 2.23 in 2021 and further to 2.15 in 2022, before showing an increase to 2.31 in 2023 but declining again to 2.14 in 2024.
Overall, despite the decline in total asset turnover in recent years, the company has shown a significant improvement in utilizing its fixed assets efficiently to generate revenue, as evidenced by the increasing trend in the fixed asset turnover ratio. This suggests that MYR Group Inc has been successful in optimizing the use of its fixed assets to contribute to its overall performance. However, the decreasing trend in total asset turnover may warrant further investigation into the company's overall asset management strategies.