MYR Group Inc (MYRG)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 51,087 | 57,211 | 68,877 | 123,528 | 128,172 | 128,676 | 123,624 | 117,431 | 114,907 | 108,654 | 112,631 | 116,051 | 118,560 | 113,894 | 107,871 | 97,548 | 86,545 | 81,559 | 73,892 | 63,960 |
| Total assets | US$ in thousands | 1,574,060 | 1,593,060 | 1,583,240 | 1,583,490 | 1,612,550 | 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 |
| Operating ROA | 3.25% | 3.59% | 4.35% | 7.80% | 7.95% | 8.24% | 8.44% | 8.63% | 8.21% | 8.17% | 8.91% | 9.63% | 10.58% | 10.71% | 10.27% | 9.57% | 8.69% | 8.00% | 7.78% | 6.44% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $51,087K ÷ $1,574,060K
= 3.25%
MYR Group Inc's operating return on assets (operating ROA) has been fluctuating over the past few years, ranging from a low of 3.25% as of December 31, 2024, to a peak of 10.71% as of September 30, 2021. The trend generally shows an upward trajectory from the end of 2020 through the third quarter of 2022, with operating ROA steadily increasing. However, from the fourth quarter of 2022 to the end of 2024, there has been a decline in the operating return on assets.
The highest operating ROA of 10.71% in September 30, 2021, indicates that MYR Group Inc was efficiently generating operating profits relative to its assets at that point in time. Conversely, the decrease to 3.25% by December 31, 2024, suggests a lower level of operating profitability in relation to the assets employed.
It is important for stakeholders to closely monitor MYR Group Inc's operating ROA as it reflects the company's ability to generate earnings from its operational activities relative to its assets. The declining trend towards the end of the data period may indicate potential challenges in maintaining profitability levels efficiency in asset utilization.
Peer comparison
Dec 31, 2024