MYR Group Inc (MYRG)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 30,263 | 38,353 | 49,216 | 86,766 | 90,990 | 91,521 | 88,445 | 85,856 | 83,381 | 79,500 | 84,235 | 85,770 | 85,010 | 82,468 | 76,589 | 68,755 | 58,759 | 53,384 | 46,447 | 40,269 |
| 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 |
| ROA | 1.92% | 2.41% | 3.11% | 5.48% | 5.64% | 5.86% | 6.04% | 6.31% | 5.96% | 5.98% | 6.66% | 7.11% | 7.58% | 7.75% | 7.29% | 6.75% | 5.90% | 5.24% | 4.89% | 4.05% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $30,263K ÷ $1,574,060K
= 1.92%
The return on assets (ROA) of MYR Group Inc has fluctuated over the quarters analyzed. Starting at 4.05% as of March 31, 2020, it gradually increased to a peak of 7.75% by September 30, 2021. Thereafter, the ROA showed some variability but generally remained around the 6-7% range until December 31, 2022.
From March 31, 2023, the ROA began to decline gradually, hitting 5.64% by December 31, 2023. This downward trend continued into the following year, dropping to 1.92% by December 31, 2024.
The overall pattern indicates that MYR Group Inc's ability to generate profit relative to its total assets improved initially, peaked, and then declined significantly in the latter period of the data. This declining trend could be indicative of operational challenges or changes in the business environment affecting the company's profitability relative to its asset base. Further analysis and context may be required to fully understand the reasons behind these fluctuations in the ROA.
Peer comparison
Dec 31, 2024