MYR Group Inc (MYRG)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 129,943 | 117,767 | 118,109 | 85,948 | 58,143 |
| Long-term debt | US$ in thousands | 29,188 | 35,479 | 3,464 | 25,039 | 157,087 |
| Total stockholders’ equity | US$ in thousands | 651,202 | 560,200 | 519,102 | 429,288 | 364,471 |
| Return on total capital | 19.10% | 19.77% | 22.60% | 18.92% | 11.15% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $129,943K ÷ ($29,188K + $651,202K)
= 19.10%
MYR Group Inc's return on total capital has fluctuated over the past five years. In 2021, the return on total capital was the highest at 22.05%, indicating a strong performance in generating profits relative to the total capital employed. However, this metric decreased slightly to 18.24% in 2020 before rebounding to 18.62% in 2022. The most recent data for 2023 shows a return on total capital of 18.10%.
Overall, MYR Group Inc has displayed a consistent ability to generate returns on its total capital, although there have been variations in performance over the years. The company's ability to maintain return on total capital above 18% in recent years demonstrates efficient capital utilization and profitability.
Peer comparison
Dec 31, 2023