MYR Group Inc (MYRG)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 54,082 | 129,093 | 114,907 | 118,560 | 86,545 |
| Total assets | US$ in thousands | 1,574,060 | 1,578,750 | 1,398,860 | 1,121,090 | 995,859 |
| Operating ROA | 3.44% | 8.18% | 8.21% | 10.58% | 8.69% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $54,082K ÷ $1,574,060K
= 3.44%
Operating return on assets (operating ROA) is an important financial metric that indicates the efficiency of MYR Group Inc in generating operating profits relative to its total assets.
Based on the data provided:
- As of December 31, 2020, MYR Group Inc had an operating ROA of 8.69%, indicating that for every dollar of assets, the company generated 8.69 cents in operating profit.
- By December 31, 2021, the operating ROA improved to 10.58%, suggesting increased efficiency in utilizing assets to generate operating income.
- However, by December 31, 2022, the operating ROA declined to 8.21%, indicating a decrease in the company's ability to generate operating profits relative to its assets.
- The trend continued in 2023 with an operating ROA of 8.18%, showing a relatively stable performance compared to the previous year.
- There was a significant drop in the operating ROA to 3.44% as of December 31, 2024, signifying a substantial decline in the company's efficiency in utilizing assets to generate operating profits.
Overall, the fluctuation in MYR Group Inc's operating ROA over the years indicates varying levels of efficiency in managing and utilizing its assets to generate operating income. The declining trend observed in the later years may require further analysis to identify the underlying factors impacting the company's performance.
Peer comparison
Dec 31, 2024