Returns On Capital Are Showing Encouraging Signs At MYR Group (NASDAQ:MYRG) [Yahoo! Finance]
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MYR Group, Inc. (MYRG)
Last myr group, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations:
investor.myrgroup.com/investor-relations
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Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. So on that note, MYR Group NASDAQ:MYRG ) looks quite promising in regards to its trends of return on capital. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for MYR Group: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$121m ÷ (US$1.6b - US$732m) (Based on the trailing twelve months to March 2024) Thus, MYR Group has an ROCE of 14%. In absolute terms, that's a pretty normal return, and it'
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MYRG
News
- Is Now The Time To Look At Buying MYR Group Inc. (NASDAQ:MYRG)? [Yahoo! Finance]Yahoo! Finance
- MYR Group Inc. to Participate in Sidoti Small Cap Investor Conference in JuneGlobeNewswire
- MYR Group Inc. to Attend Wells Fargo Industrials Investor Conference in JuneGlobeNewswire
- MYR Group Inc. to Attend Stifel Cross Sector Insight Investor Conference in JuneGlobeNewswire
- MYR Group Inc. Announces New $75 Million Share Repurchase ProgramGlobeNewswire
MYRG
Earnings
- 5/1/24 - Beat
MYRG
Sec Filings
- 5/8/24 - Form 8-K
- 5/6/24 - Form 8-K
- 5/6/24 - Form S-8
- MYRG's page on the SEC website