MYR Group Inc (MYRG)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,074,416 | 3,238,489 | 3,274,827 | 3,284,052 | 3,280,729 | 3,140,493 | 3,006,902 | 2,835,665 | 2,664,580 | 2,459,858 | 2,272,615 | 2,213,914 | 2,173,308 | 2,141,869 | 2,147,039 | 2,030,234 | 1,971,539 | 1,942,166 | 1,934,754 | 1,888,621 |
| Inventory | US$ in thousands | — | — | 0 | -0 | — | — | — | 0 | — | 0 | 0 | — | 44,677 | — | 0 | 0 | 0 | 0 | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | 48.64 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,074,416K ÷ $—K
= —
The inventory turnover ratio for MYR Group Inc has been consistently reported as not available (N/A) from March 31, 2020, to December 31, 2023. However, as of December 31, 2021, the ratio was calculated to be 48.64. This figure indicates that MYR Group Inc turned over its inventory approximately 48.64 times during the 2021 fiscal year.
While it's positive to see a high inventory turnover ratio, it's essential to note that the company has not provided data for the inventory turnover ratio for most periods, making it challenging to assess the trend over time and compare it to industry averages or competitors.
It would be beneficial for stakeholders to ensure that MYR Group Inc continues to monitor and manage its inventory effectively to maintain healthy turnover ratios and optimize cash flow and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024