MYR Group Inc (MYRG)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 129,093 | 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 | 57,178 | 53,709 | 50,584 | 51,531 |
| Total assets | US$ in thousands | 1,578,750 | 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 | 1,007,870 | 988,013 | 806,695 | 795,218 |
| Operating ROA | 8.18% | 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% | 5.67% | 5.44% | 6.27% | 6.48% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $129,093K ÷ $1,578,750K
= 8.18%
The operating return on assets (operating ROA) for MYR Group Inc has shown a consistent trend over the past eight quarters. It has ranged from a low of 7.91% in Q4 2023 to a high of 9.36% in Q1 2022. The average operating ROA over this period is approximately 8.46%.
The company's operating ROA indicates how efficiently it is generating profits from its assets used in operations. A higher operating ROA suggests better asset utilization and operational performance.
Although there has been some fluctuation in the operating ROA, overall the company has maintained a relatively strong performance in terms of generating operating profits from its assets. It is important for MYR Group Inc to continue monitoring and managing its asset utilization to sustain or improve its operating ROA in the future.
Peer comparison
Dec 31, 2023