MYR Group Inc (MYRG)

Return on assets (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
Net income (ttm)	US$ in thousands	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	37,690	35,566	33,168	32,796
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
ROA		5.76%	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%	3.74%	3.60%	4.11%	4.12%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $90,990K ÷ $1,578,750K
= 5.76%

MYR Group Inc's Return on Assets (ROA) has exhibited a relatively stable trend over the past eight quarters, ranging from 5.76% to 7.11%. The Q1 2023 ROA of 6.31% reached a peak during this period, indicating efficient utilization of assets to generate profits. However, in Q2 2022, the ROA was at its lowest point of 5.98%. Overall, the company has maintained a healthy ROA, indicating its ability to generate earnings relative to its total assets. It would be important to closely monitor future ROA figures to assess any potential changes in the company's asset efficiency and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROA

MYR Group Inc

MYRG

5.76%