MYR Group (FRA:MYP) Change In Receivables : €-209 Mil (TTM As of Mar. 2024)

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What is MYR Group Change In Receivables?

MYR Group's change in receivables for the quarter that ended in Mar. 2024 was €-34 Mil. It means MYR Group's Accounts Receivable increased by €34 Mil from Dec. 2023 to Mar. 2024 .

MYR Group's change in receivables for the fiscal year that ended in Dec. 2023 was €-152 Mil. It means MYR Group's Accounts Receivable increased by €152 Mil from Dec. 2022 to Dec. 2023 .

MYR Group's Accounts Receivable for the quarter that ended in Mar. 2024 was €485 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. MYR Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.97.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MYR Group's liquidation value for the three months ended in Mar. 2024 was €-479 Mil.

MYR Group Change In Receivables Historical Data

The historical data trend for MYR Group's Change In Receivables 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.

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MYR Group Change In Receivables Chart

MYR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-59.22

26.92

-29.41

-142.90

-152.45

MYR Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															19.94	-95.85	-95.66	16.83	-33.83

MYR Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-209 Mil.

MYR Group (FRA:MYP) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

MYR Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	484.903	/	750.317	*	91
=	58.97

2. In Ben Graham's calculation of liquidation value, MYR Group's accounts receivable are only considered to be worth 75% of book value:

MYR Group's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.598	-	846.188	+	0.75 * 484.903	+	0.5 * 0
=	-479

MYR Group Change In Receivables Related Terms

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MYR Group (FRA:MYP) Business Description

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MYRG:USA

Address

12121 Grant Street, Suite 610, Thornton, CO, USA, 80241

Website

https://www.myrgroup.com

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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