MYR Group Inc (MYRG)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | 7.50 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 7.50 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Based on the data provided, MYR Group Inc's cash conversion cycle experienced fluctuations over the years.
As of December 31, 2020, the company had managed to achieve a cash conversion cycle of 0.00 days, indicating efficient management of cash flow and working capital.
However, by December 31, 2021, there was a significant increase in the cash conversion cycle to 7.50 days, which suggests a delay in converting inventory and receivables into cash, leading to a longer operating cycle.
Subsequently, from December 31, 2022 to December 31, 2024, the company improved its cash conversion cycle back to 0.00 days, indicating a return to efficient cash flow management and working capital optimization.
Overall, MYR Group Inc's cash conversion cycle shows some variability, but the company was able to effectively manage its working capital and cash flow in most of the years analyzed. It is essential for the company to monitor and optimize its cash conversion cycle to ensure smooth operations and financial health.
Peer comparison
Dec 31, 2024