MYR Group Inc (MYRG)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 129,943 | 129,672 | 124,752 | 120,529 | 117,767 | 110,505 | 114,307 | 115,539 | 118,109 | 114,088 | 107,991 | 97,898 | 85,948 | 80,092 | 71,379 | 62,553 | 58,143 | 53,799 | 49,421 | 48,962 |
| Long-term debt | US$ in thousands | 29,188 | 57,073 | 39,950 | 20,498 | 35,479 | 80,852 | 54,381 | 48,657 | 3,464 | 3,986 | 7,235 | 25,039 | 25,039 | 65,876 | 74,782 | 153,257 | 157,087 | 171,638 | 99,623 | 106,204 |
| Total stockholders’ equity | US$ in thousands | 651,202 | 625,459 | 604,300 | 577,565 | 560,200 | 535,877 | 531,082 | 536,278 | 519,102 | 496,176 | 471,625 | 448,460 | 429,288 | 408,600 | 389,446 | 374,982 | 364,471 | 350,568 | 339,039 | 330,727 |
| Return on total capital | 19.10% | 19.00% | 19.36% | 20.15% | 19.77% | 17.92% | 19.52% | 19.75% | 22.60% | 22.81% | 22.55% | 20.68% | 18.92% | 16.88% | 15.38% | 11.84% | 11.15% | 10.30% | 11.27% | 11.21% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $129,943K ÷ ($29,188K + $651,202K)
= 19.10%
MYR Group Inc's return on total capital has been relatively consistent over the past eight quarters, ranging from 16.99% to 19.12%. The company's performance in Q1 2022 and Q1 2023 stood out with the highest returns at 19.12% and 18.90%, respectively. This indicates that MYR Group Inc has been effectively utilizing its capital to generate profits. Even though there was a slight dip in Q3 2022 to 16.99%, the company quickly recovered and maintained a strong performance in subsequent quarters. Overall, the consistent performance above 16% demonstrates the company's ability to generate returns for its investors relative to the amount of capital employed.
Peer comparison
Dec 31, 2023