MYRG has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
MYRG has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. MYR Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $811 Mil. MYR Group's Average Total Inventories for the quarter that ended in Sep. 2024 was $0 Mil.
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 three months ended in Sep. 2024 was 0.00.
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 quarter that ended in Sep. 2024 was 0.00.
The historical data trend for MYR Group's Inventory Turnover 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.
MYR Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
MYR Group Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
MYR Group's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 3279.508 | / ( | (0 | + | 0) | / | 1 ) |
= | 3279.508 | / | 0 | ||||
= | N/A |
MYR Group's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as
Inventory Turnover (Q: Sep. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Sep. 2024 ) | / ( | (Total Inventories (Q: Jun. 2024 ) | + | Total Inventories (Q: Sep. 2024 )) | / | count ) |
= | 810.755 | / ( | (0 | + | 0) | / | 1 ) |
= | 810.755 | / | 0 | ||||
= | N/A |
* 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) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. 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 three months ended in Sep. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Sep. 2024 ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | 0 | / | 810.755 | * | 365 / 4 | |
= | 0.00 |
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 quarter that ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Sep. 2024 ) | / | Revenue (Q: Sep. 2024 ) |
= | 0 | / | 888.043 | |
= | 0.00 |
* 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of MYR Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kelly Michelle Huntington | officer: Senior VP | 7575 NORTH PENNSYLVANIA STREET, INDIANAPOLIS IN 46240 |
Bradley Thede Favreau | director | 438 CLEARMONT AVE, APT C, BROOKLYN NY 11238 |
Swartz Richard S. Jr. | officer: Group VP | MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210 |
William Fry | officer: VP, CLO and Secretary | 10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042 |
Don A. Egan | officer: SVP and COO C&I | 12121 GRANT STREET, SUITE 610, THORNTON CO 80241 |
Maurice E. Moore | director | 1100 LATHROP AVENUE, RIVER FOREST IL 60305 |
Betty R. Johnson | director | 1115 CENTRAL AVE #239, NAPLES FL 34103 |
Jennifer Elaine Lowry | director | 2 HOLLINS AVE, BALTIMORE MD 21210 |
Jeffrey J. Waneka | officer: SVP and COO C&I | 1701 GOLF ROAD, SUITE 3-1012, ROLLING MEADOWS IL 60008 |
Tod M. Cooper | officer: Senior Vice President | 1701 GOLF RD, SUITE 3-1012, ROLLING MEADOWS IL 60008 |
Ajoy Hari Karna | director | 2501 M ST NW, UNIT 508, WASHINGTON DC 20037 |
William A Koertner | director, officer: Chairman, President and CEO | MYR GROUP INC., 1701 GOLF ROAD SUITE 3-1012, ROLLING MEADOWS IL 60008-4210 |
Shirin O'connor | director | 3054 CREEKSIDE DRIVE, SENECA SC 29672 |
William Patterson | director | 60 ARDMORE ROAD, HO-HO-KUS NJ 07423 |
Gary Ronald Johnson | director | 6599 PINNACLE DRIVE, EDEN PRAIRIE MN 55346 |
From GuruFocus
By GuruFocus Research • 09-18-2024
By GuruFocus News • 10-09-2024
By GuruFocus News • 11-01-2024
By GuruFocus News • 10-16-2024
By Marketwired • 10-16-2024
By Marketwired • 10-11-2024
By Marketwired • 10-30-2024
By GuruFocus Research • 05-03-2024
By Marketwired • 05-15-2024
By Marketwired • 05-09-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.