What is the Return on Assets (ROA) of MYR Group this year?
The Return on Assets (ROA) of MYR Group is 0.06 undefined this year.
MYR Group ROA 2024
MYR Group ROA
0.06
Ticker
MYRG
ISIN
US55405W1045
WKN
A0Q9UM
In 2024, MYR Group's return on assets (ROA) was 0.06, a -3.31% increase from the 0.06 ROA in the previous year.
MYR Group Aktienanalyse
What does MYR Group do?
MYR Group Inc is an American company that has been operating in the field of electrical installation and energy construction for almost 130 years. The company was founded in 1891 in Chicago as Morrissey & O'Connor and initially focused primarily on the construction of tram systems. Over the years, the company's areas of activity have continued to expand, and today it employs over 7,000 employees in over 25 states in the US and in Canada. The business model of MYR Group Inc can be described as diversified and includes various sectors such as electrical installation, energy infrastructure, and industrial maintenance. The company specializes in the construction, maintenance, repair, and maintenance of electrical systems and facilities, as well as the construction of energy infrastructures such as transmission lines, substations, and distribution stations. Other services offered by the company include engineering, planning, and construction of wind and solar energy systems, as well as the installation and maintenance of lighting systems within industrial facilities. Within the electrical installation sector, MYR Group Inc is able to offer a variety of services, including installations of electrical systems and equipment in residential, commercial, and industrial buildings. This also includes the integration of modern technologies such as LED lighting and intelligent building control systems, which are used to increase efficiency. In the field of energy infrastructure, MYR Group Inc offers a wide range of services to meet the need for a safe and reliable energy supply. This includes planning, construction, and maintenance of energy transmission and distribution networks, as well as the installation and maintenance of power and gas networks. The industrial maintenance sector is essentially specialized in the maintenance and servicing of industrial plants. In this regard, MYR Group Inc offers a variety of services such as preventive maintenance, repairs, and modernizations to increase efficiency, minimize downtime, and ensure the safety of the facilities. An interesting product offered by the company is the so-called "Pre-Fab" solution. This involves pre-assembled units that are manufactured off-site and can then be installed at the work site. This reduces work time at the job site and can save costs at the same time. MYR Group Inc takes pride in its skilled workforce and is strongly committed to their training and development. The company also invests in state-of-the-art technology and has a wide network of suppliers. Furthermore, the company emphasizes sustainability and environmental compatibility along the entire production and supply chain process. Overall, it can be said that MYR Group Inc is a diversified company that specializes in electrical works and energy infrastructure. With its various sectors, services, and products, the company is able to be involved in every phase of a project, from planning to implementation and maintenance. MYR Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding MYR Group's Return on Assets (ROA)
MYR Group's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing MYR Group's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider MYR Group's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in MYR Group’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about MYR Group stock
What was the ROA of MYR Group compared to the previous year?
The ROA of MYR Group has increased by -3.31% compared to the previous year.
What consequences do high ROA have for investors of MYR Group?
A high ROA is advantageous for investors of MYR Group, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in MYR Group?
A low ROA can be unfavorable for investors of MYR Group as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of MYR Group affect the company?
An increase in ROA of MYR Group can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of MYR Group impact the company?
A reduction in the ROA of MYR Group can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of MYR Group?
Some factors that can influence the ROA of MYR Group include revenue, operating costs, asset structure, and industry average.
Why is the ROA of MYR Group important for investors?
The ROA of MYR Group is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can MYR Group take to improve ROA?
To improve ROA, MYR Group can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does MYR Group pay?
Over the past 12 months, MYR Group paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, MYR Group is expected to pay a dividend of 0 USD.
What is the dividend yield of MYR Group?
The current dividend yield of MYR Group is .
When does MYR Group pay dividends?
MYR Group pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of MYR Group?
MYR Group paid dividends every year for the past 0 years.
What is the dividend of MYR Group?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is MYR Group located?
MYR Group is assigned to the 'Industry' sector.
Wann musste ich die Aktien von MYR Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of MYR Group from 11/16/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 11/16/2024.
When did MYR Group pay the last dividend?
The last dividend was paid out on 11/16/2024.
What was the dividend of MYR Group in the year 2023?
In the year 2023, MYR Group distributed 0 USD as dividends.
In which currency does MYR Group pay out the dividend?
The dividends of MYR Group are distributed in USD.
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Andere Kennzahlen von MYR Group
Our stock analysis for MYR Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MYR Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
