MYR Group Inc (MYRG)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,074,416K ÷ $—K
= —
The payables turnover ratio for MYR Group Inc, as indicated by the provided data, is not available for the periods presented (March 31, 2020 to December 31, 2024). This lack of information on payables turnover makes it challenging to assess how effectively the company is managing its accounts payable during these periods.
Payables turnover is a crucial metric that reflects the efficiency of a company in managing its trade credit and accounts payable. A higher payables turnover ratio generally indicates that the company is making payments to suppliers more quickly, which can be positive as it may suggest strong cash flow management or good supplier relationships. Conversely, a low payables turnover ratio could indicate potential liquidity issues or strained supplier relations.
Without specific data on payables turnover, it is difficult to draw detailed analytical insights into MYR Group Inc's payables management performance over time. It would be beneficial for investors and analysts to have access to this information to gain a more comprehensive understanding of the company's working capital management and financial health.
Peer comparison
Dec 31, 2024