MYR Group Inc (MYRG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,362,290 | 3,643,900 | 3,008,540 | 2,498,290 | 2,247,390 |
| Property, plant and equipment | US$ in thousands | — | — | 263,719 | 217,063 | 207,405 |
| Fixed asset turnover | — | — | 11.41 | 11.51 | 10.84 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,362,290K ÷ $—K
= —
The fixed asset turnover ratio for MYR Group Inc has been on an upward trend over the past few years, indicating that the company is becoming more efficient in generating revenues from its fixed assets. In 2020, the ratio was 10.84, showing that the company generated $10.84 in revenue for every dollar invested in fixed assets. This increased to 11.51 in 2021 and slightly decreased to 11.41 in 2022, but still reflects a strong ability to utilize its fixed assets effectively.
However, it is noteworthy that the data for 2023 and 2024 are not available (denoted by "—"), which may indicate a lack of complete information for those periods. For a more accurate assessment of the company's performance, it would be important to have data for those years to track the trend and assess any potential changes in efficiency in utilizing fixed assets.
Peer comparison
Dec 31, 2024