MYR Group Inc (MYRG)

Total asset 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
Revenue (ttm)	US$ in thousands	3,643,182	3,503,201	3,363,351	3,182,690	3,007,357	2,790,230	2,601,725	2,543,615	2,499,388	2,461,226	2,457,936	2,320,105	2,245,418	2,208,523	2,183,497	2,119,856	2,069,209	1,944,479	1,761,776	1,652,918
Total assets	US$ in thousands	1,578,750	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	1,007,870	988,013	806,695	795,218
Total asset turnover		2.31	2.24	2.30	2.34	2.15	2.10	2.06	2.11	2.23	2.31	2.34	2.28	2.25	2.17	2.30	2.13	2.05	1.97	2.18	2.08

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,643,182K ÷ $1,578,750K
= 2.31

MYR Group Inc's total asset turnover has shown a consistent and positive trend over the past eight quarters, ranging from 2.06 to 2.34. This indicates that the company is generating revenue efficiently relative to its total assets. The highest total asset turnover ratio of 2.34 was recorded in Q1 2023, suggesting that MYR Group Inc effectively utilized its assets to generate sales during that period. Overall, the increasing trend in total asset turnover reflects the company's ability to maximize the utilization of its assets to drive sales growth and operational efficiency.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

MYR Group Inc

MYRG

2.31