MYR Group Inc (MYRG)
Working capital 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 current assets | US$ in thousands | 1,014,660 | 1,031,620 | 1,017,300 | 1,026,190 | 1,026,240 | 1,032,280 | 940,201 | 848,342 | 890,291 | 834,858 | 784,410 | 715,595 | 748,390 | 700,635 | 691,329 | 665,366 | 636,684 | 658,762 | 594,916 | 628,802 |
| Total current liabilities | US$ in thousands | 748,900 | 762,436 | 747,443 | 732,358 | 747,202 | 740,651 | 684,560 | 624,845 | 666,960 | 585,014 | 565,406 | 498,264 | 498,599 | 455,701 | 469,879 | 447,824 | 443,400 | 459,554 | 403,534 | 378,244 |
| Working capital turnover | 12.65 | 13.14 | 13.30 | 12.41 | 13.06 | 12.01 | 13.16 | 14.24 | 13.47 | 11.17 | 11.88 | 11.70 | 10.00 | 10.04 | 11.10 | 10.67 | 11.63 | 11.10 | 11.42 | 8.47 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,362,290K ÷ ($1,014,660K – $748,900K)
= 12.65
The working capital turnover ratio for MYR Group Inc has shown fluctuations over the period reported. The ratio started at 8.47 on March 31, 2020, indicating that the company generated 8.47 times revenue from its working capital during that period.
Subsequently, the ratio increased to 11.63 by December 31, 2020, showing an improvement in the efficiency of utilizing working capital to generate sales. The ratio fluctuated over the following quarters but generally remained above 10, indicating a strong ability to convert working capital into revenue.
In the most recent period, the working capital turnover ratio stood at 12.65 on December 31, 2024, suggesting that the company generated revenue 12.65 times higher than its working capital. This upward trend in the ratio could indicate improved operational efficiency and effective management of working capital resources.
Overall, the working capital turnover ratio for MYR Group Inc demonstrates the company's ability to effectively utilize its working capital to generate revenue, with a general trend of improvement over the reported period.
Peer comparison
Dec 31, 2024