Myriad Genetics Inc (MYGN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 33.98 | 29.07 | 40.14 | 23.43 | 20.02 | |
| DOH | days | 10.74 | 12.56 | 9.09 | 15.58 | 18.24 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 33.98
= 10.74
The days of inventory on hand (DOH) for Myriad Genetics, Inc. has shown fluctuations over the past five years.
In Dec 31, 2023, the DOH was 34.00 days, a decrease from 36.32 days in Dec 31, 2022. This suggests that the company was able to manage its inventory more efficiently in 2023 compared to the previous year.
In comparison to Dec 31, 2021, where the DOH was 28.26 days, the inventory turnover has increased, indicating that the company may have improved its inventory management practices.
However, there were higher DOH figures in Jun 30, 2020 (57.07 days) and Jun 30, 2019 (57.02 days). This suggests that the company may have had excess inventory or faced challenges in selling its products efficiently during those periods.
Overall, the trend in DOH for Myriad Genetics, Inc. shows some variability, but a general trend towards more efficient inventory management practices in recent years.
Peer comparison
Dec 31, 2023