MYR Group Inc (MYRG)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of MYR Group Inc has been consistently low, indicating efficient management of working capital and cash flow. The cycle remained at 0 days for most reporting periods, suggesting that the company was able to convert its investments in raw materials, production, and sales back into cash rapidly.
However, there was a slight increase in the cash conversion cycle to 7.50 days as of December 31, 2021. This increase could be due to various factors such as changes in payment terms with suppliers, fluctuations in sales volume, or delays in collecting receivables.
Overall, a low cash conversion cycle is beneficial as it signifies that MYR Group Inc is efficiently managing its operations to generate cash and maintain liquidity. This metric reflects the company's ability to effectively manage its working capital and convert it into cash, which is crucial for sustaining and growing the business.
Peer comparison
Dec 31, 2024