MYR Group Inc (MYRG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 48.64 | — | |
| DOH | days | — | — | — | 7.50 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for MYR Group Inc as of December 31, 2020, is not available. However, based on the data provided, the DOH improved to 7.50 days as of December 31, 2021. This indicates that the company was able to manage its inventory more efficiently, holding less inventory relative to its sales. Further data for the subsequent years is not available for analysis. A lower DOH generally suggests that the company is effectively managing its inventory levels, which can lead to lower storage costs and reduced risk of inventory obsolescence.
Peer comparison
Dec 31, 2024