MYR Group Inc (MYRG)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,362,290 | 3,536,695 | 3,588,128 | 3,647,854 | 3,643,908 | 3,503,664 | 3,364,036 | 3,183,534 | 3,008,542 | 2,790,634 | 2,600,968 | 2,542,427 | 2,498,289 | 2,460,211 | 2,457,930 | 2,321,408 | 2,247,392 | 2,210,497 | 2,185,810 | 2,121,535 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 267,272 | 263,719 | 249,245 | 244,730 | 239,407 | 217,063 | 206,310 | 207,431 | 202,820 | 207,405 | 208,534 | 181,711 | 184,466 |
| Fixed asset turnover | — | — | — | — | — | — | — | 11.91 | 11.41 | 11.20 | 10.63 | 10.62 | 11.51 | 11.92 | 11.85 | 11.45 | 10.84 | 10.60 | 12.03 | 11.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,362,290K ÷ $—K
= —
MYR Group Inc's fixed asset turnover has shown some fluctuations over the past few years. It increased from 11.50 as of March 31, 2020, to a peak of 12.03 on June 30, 2020, before experiencing a slight decline. The ratio ranged between 10.60 and 11.92 through September 30, 2021, indicating efficient utilization of fixed assets to generate revenue.
However, there was a notable decrease to 10.62 on March 31, 2022, before recovering slightly to 11.41 by December 31, 2022. The ratio further improved to 11.91 on March 31, 2023. As of the latest available data, MYR Group Inc's fixed asset turnover stands at 11.91, suggesting that the company is effectively generating revenue from its fixed assets.
It is important for MYR Group Inc to closely monitor its fixed asset turnover ratio to ensure optimal utilization of assets to drive revenue growth and profitability in the future.
Peer comparison
Dec 31, 2024