MYR Group Inc (MYRG)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,520,609 | 3,380,564 | 3,245,610 | 3,070,776 | 2,897,235 | 2,684,889 | 2,491,482 | 2,429,948 | 2,382,816 | 2,350,168 | 2,353,938 | 2,227,128 | 2,164,542 | 2,132,636 | 2,116,322 | 2,062,219 | 2,017,797 | 1,865,561 | 1,652,436 | 1,513,190 |
| Inventory | US$ in thousands | — | — | — | 0 | — | 0 | 0 | — | 44,677 | — | — | — | — | — | — | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | 53.33 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,520,609K ÷ $—K
= —
Based on the data provided, the inventory turnover ratio for MYR Group Inc is not available for all the quarters presented. This indicates that either the company does not regularly update or disclose this particular financial metric, or that there might be challenges in calculating the ratio accurately based on the available information. As inventory turnover is a key indicator of how effectively a company manages its inventory, the lack of this data hinders a comprehensive assessment of MYR Group Inc's inventory management efficiency over the specified time periods. It is recommended that the company provides more transparent and consistent disclosure of this important financial ratio in the future for better analysis and comparison.
Peer comparison
Dec 31, 2023
Dec 31, 2023