MYR Group Inc (MYRG)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 53.33 | — | — | |
| DOH | days | — | — | 6.84 | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
To analyze MYR Group Inc's days of inventory on hand (DOH) for the years 2019 to 2023, we would need the inventory balances and cost of goods sold (COGS) figures for each year. Without this information, it is not possible to calculate the DOH or provide a detailed analysis based on the data provided in the table. The DOH ratio indicates how many days it takes for a company to sell its average inventory, with lower values typically indicating better inventory management efficiency.
I recommend obtaining the necessary financial data for MYR Group Inc for the years in question to accurately compute the DOH ratio and provide a meaningful analysis of the company's inventory management performance over the specified period.
Peer comparison
Dec 31, 2023