MYR Group Inc (MYRG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 30,263 | 90,990 | 83,381 | 85,010 | 58,759 |
| Total assets | US$ in thousands | 1,574,060 | 1,578,750 | 1,398,860 | 1,121,090 | 995,859 |
| ROA | 1.92% | 5.76% | 5.96% | 7.58% | 5.90% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $30,263K ÷ $1,574,060K
= 1.92%
The return on assets (ROA) for MYR Group Inc has shown some fluctuations over the past five years. Starting at 5.90% on December 31, 2020, the ROA increased to 7.58% by December 31, 2021, indicating improved efficiency in generating profits from its assets. However, in the following years, the ROA decreased slightly to 5.96% on December 31, 2022, and 5.76% on December 31, 2023.
The most significant drop occurred on December 31, 2024, when the ROA decreased significantly to 1.92%. This decline suggests that the company may be facing challenges in generating profits relative to its asset base. It is essential for MYR Group Inc to investigate the factors contributing to this sharp decline and take appropriate measures to improve its asset utilization efficiency in order to enhance its overall profitability.
Peer comparison
Dec 31, 2024