MYR Group Inc (MYRG)
Total 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 |
| Total assets | US$ in thousands | 1,574,060 | 1,593,060 | 1,583,240 | 1,583,490 | 1,612,550 | 1,560,730 | 1,464,800 | 1,360,240 | 1,398,860 | 1,329,960 | 1,264,370 | 1,205,580 | 1,121,090 | 1,063,830 | 1,050,830 | 1,019,250 | 995,859 | 1,018,910 | 950,086 | 993,246 |
| Total asset turnover | 2.14 | 2.22 | 2.27 | 2.30 | 2.26 | 2.24 | 2.30 | 2.34 | 2.15 | 2.10 | 2.06 | 2.11 | 2.23 | 2.31 | 2.34 | 2.28 | 2.26 | 2.17 | 2.30 | 2.14 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,362,290K ÷ $1,574,060K
= 2.14
The total asset turnover of MYR Group Inc has shown a relatively stable trend over the past few years, ranging between 2.06 and 2.34. This ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover generally implies that the company is effectively utilizing its assets to generate revenue.
From March 31, 2020, to June 30, 2022, the total asset turnover increased steadily from 2.14 to 2.06, suggesting improved efficiency in asset utilization. However, there was a slight decline in the ratio to 2.10 by September 30, 2022.
Subsequently, the ratio fluctuated within a narrow range between 2.10 and 2.34 from March 31, 2023, to June 30, 2024. This stability indicates that MYR Group Inc has maintained consistent efficiency in generating revenue relative to its total assets during this period.
Overall, the total asset turnover of MYR Group Inc reflects a generally healthy operational efficiency, with the company maintaining a good balance between asset utilization and revenue generation. The management may continue to monitor this ratio to ensure optimal utilization of assets to drive future growth and profitability.
Peer comparison
Dec 31, 2024