MYR Group (FRA:MYP) Days Payable : 42.51 (As of Mar. 2024)

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What is MYR Group Days Payable?

MYR Group's average Accounts Payable for the three months ended in Mar. 2024 was €313 Mil. MYR Group's Cost of Goods Sold for the three months ended in Mar. 2024 was €671 Mil. Hence, MYR Group's Days Payable for the three months ended in Mar. 2024 was 42.51.

The historical rank and industry rank for MYR Group's Days Payable or its related term are showing as below:

FRA:MYP' s Days Payable Range Over the Past 10 Years
Min: 26.33 Med: 32.25 Max: 37.6
Current: 37.6

During the past 13 years, MYR Group's highest Days Payable was 37.60. The lowest was 26.33. And the median was 32.25.

FRA:MYP's Days Payable is ranked worse than
82.11% of 1604 companies
in the Construction industry
Industry Median: 74.31 vs FRA:MYP: 37.60

MYR Group's Days Payable increased from Mar. 2023 (38.46) to Mar. 2024 (42.51). It may suggest that MYR Group delayed paying its suppliers.

MYR Group Days Payable Historical Data

The historical data trend for MYR Group's Days Payable 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 Days Payable Chart

MYR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.27

34.52

29.54

34.49

38.06

MYR Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.46	36.31	38.26	37.50	42.51

Competitive Comparison of MYR Group's Days Payable

For the Engineering & Construction subindustry, MYR Group's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, MYR Group's Days Payable distribution charts can be found below:

* The bar in red indicates where MYR Group's Days Payable falls into.

MYR Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

MYR Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (297.665	+	329.536)	/	2 )	/	3007.309	*	365
=	313.6005					/	3007.309	*	365
=	38.06

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (329.536	+	295.575)	/	2 )	/	670.973	*	365 / 4
=	312.5555					/	670.973	*	365 / 4
=	42.51

MYR Group Days Payable Related Terms

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MYR Group (FRA:MYP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MYR Group Inc (FRA:MYP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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.

MYR Group (FRA:MYP) Headlines

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