MYR Group Inc (MYRG)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.72 | 6.22 | 6.79 | 7.33 | 6.09 | 6.12 | 6.07 | 6.31 | 6.27 | 6.45 | 5.94 | 6.03 | 5.55 | 5.38 | 6.23 | 5.88 | 5.13 | 3.64 | 4.07 | 3.78 | |
| DSO | days | 54.29 | 58.66 | 53.75 | 49.79 | 59.92 | 59.64 | 60.17 | 57.85 | 58.21 | 56.59 | 61.42 | 60.55 | 65.81 | 67.90 | 58.61 | 62.03 | 71.08 | 100.39 | 89.67 | 96.68 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.72
= 54.29
MYR Group Inc's Days Sales Outstanding (DSO) has shown fluctuating trends over the past eight quarters. In Q4 2023, the DSO decreased to 52.68 days from 57.67 days in the previous quarter. This indicates that the company is collecting its accounts receivable more efficiently during this period.
Comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there has been a noticeable improvement as DSO dropped from 58.41 days to 52.68 days. This suggests that MYR Group Inc has enhanced its accounts receivable collection process over the year.
Looking at the longer-term trend, MYR Group Inc's DSO has generally remained within a narrow range over the past eight quarters, fluctuating between approximately 48 to 58 days. This indicates relative consistency in the company's collection efficiency during this period.
Overall, the recent decrease in DSO in Q4 2023 compared to the prior quarter and the previous year reflects improved accounts receivable management by MYR Group Inc, potentially leading to better cash flow and liquidity position for the company. Monitoring DSO trends over time will be crucial to assess the effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2023