Days Inventory is also known as Days Sales of Inventory (DSI). MYR Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $0 Mil. MYR Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $907 Mil.
Hence, MYR Group's Days Inventory for the
three
months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for MYR Group's Days Inventory or its related term are showing as below:
MYRG's Days Inventory is not ranked *
in the Construction industry.
Industry Median: 48.8 * Ranked among companies with meaningful Days Inventory only.
MYR Group's Days Inventory
stayed the same
from Dec. 2022 (0.00) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
MYR Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.00.
MYR Group Days Inventory Historical Data
The historical data trend for MYR Group's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of MYR Group's Days Inventory
For the Engineering & Construction subindustry, MYR Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MYR Group's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, MYR Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where MYR Group's Days Inventory falls into.
MYR Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MYR Group's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MYR Group (NAS:MYRG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
MYR Group's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
MYR Group's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
MYR Group Days Inventory Related Terms
Thank you for viewing the detailed overview of MYR Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MYR Group Inc is a U.S.-based holding company that provides specialty electrical construction services through its subsidiaries. The company operates through two segments. The transmission and distribution segment provides designing, engineering, procurement, construction, upgrade, maintenance, and repair services on transmission and distribution network and substation facilities. The commercial and industrial segment provides services such as the design, installation, maintenance, and repair of commercial and industrial wiring, installation of traffic networks, and the installation of bridges. MYR Group generates the majority of its sales from the United States and Canada.
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