MYR Group Inc (MYRG)

Short-term

Turnover ratios

MYR Group Inc's activity ratios provide insight into its operational efficiency.

1. Inventory Turnover: MYR Group Inc had an inventory turnover of 48.64 as of December 31, 2021. This indicates that the company sold and replaced its inventory 48.64 times during that period.

2. Receivables Turnover: The receivables turnover data is not available. This ratio typically measures how efficiently a company is collecting outstanding receivables.

3. Payables Turnover: The payables turnover data is not available. This ratio typically measures how efficiently a company is managing its payables by comparing purchases on credit to the average accounts payable balance.

4. Working Capital Turnover: The working capital turnover ratio reflects the efficiency of MYR Group Inc in generating sales using its working capital. It ranged from 8.47 to 13.47 over the period March 31, 2020, to December 31, 2024, showing an improvement in utilizing working capital to generate revenue.

In conclusion, based on the available data, MYR Group Inc's inventory turnover appears healthy, while information on receivables and payables turnover is not provided. The working capital turnover shows a positive trend, indicating better efficiency in utilizing working capital for generating sales over time.

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Average number of days

Based on the provided data for MYR Group Inc, the activity ratios can be analyzed as follows:

1. Days of Inventory on Hand (DOH): The data shows that the company had 7.50 days of inventory on hand as of December 31, 2021. This indicates that MYR Group Inc was able to sell its inventory within approximately 7.50 days during that period. However, the data for other periods is not provided, making it difficult to analyze the trend in inventory turnover efficiency over time.

2. Days of Sales Outstanding (DSO): The data does not provide any specific values for days of sales outstanding for MYR Group Inc throughout the given periods. Days of sales outstanding typically measure how long it takes for a company to collect revenue after a sale is made. Without specific data points, it is challenging to assess the company's efficiency in collecting receivables.

3. Number of Days of Payables: Similar to DSO, the data does not offer any information on the number of days of payables for MYR Group Inc during the provided periods. This ratio would have helped in understanding how long the company takes to pay its suppliers or trade payables.

In conclusion, without specific data for DSO and number of days of payables, a comprehensive analysis of MYR Group Inc's activity ratios, particularly inventory turnover efficiency, accounts receivable collection efficiency, and accounts payable management, cannot be conducted effectively. It would be beneficial to have more detailed information to evaluate the company's operational performance in these areas.

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Long-term

The fixed asset turnover ratio indicates how efficiently MYR Group Inc is utilizing its fixed assets to generate revenue. The trend over the analyzed period shows some fluctuations, starting at a high of 12.03 in June 2020, dipping to a low of 10.60 in September 2020, and then gradually increasing to 11.91 by March 2023 before data discontinuation. This suggests that there were periods of improved efficiency in utilizing fixed assets to generate sales.

The total asset turnover ratio reflects MYR Group Inc's overall efficiency in generating sales revenue from all of its assets. The ratio displays a similar trend to the fixed asset turnover ratio, with fluctuations observed over the analyzed period. It peaked at 2.34 in June 2021 and varied between 2.06 and 2.34 until the available data stopped in December 2024.

Both ratios show an overall pattern of efficiency in generating revenue from assets, with slight fluctuations indicating varying levels of asset utilization efficiency over time.