Myriad Genetics Inc (MYGN)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 9.17 10.74 10.05 12.92 6.58
DOH days 39.80 34.00 36.32 28.26 55.51

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.17
= 39.80

The days of inventory on hand (DOH) for Myriad Genetics Inc have seen fluctuations over the years based on the provided data.

- As of December 31, 2020, the company had 55.51 days of inventory on hand, indicating a relatively high level of inventory compared to the subsequent years.
- By December 31, 2021, the DOH decreased significantly to 28.26 days, suggesting an improvement in inventory management efficiency as the company reduced its inventory levels.
- In the following years, the DOH fluctuated within a range: 36.32 days as of December 31, 2022, 34.00 days by December 31, 2023, and 39.80 days as of December 31, 2024. These fluctuations could be influenced by changes in demand, production efficiency, or inventory control policies.

Overall, analyzing the DOH trend can provide insights into the company's inventory management effectiveness and operational efficiency in handling its inventory levels. The decreasing trend in DOH from 2020 to 2021 suggests a positive development in managing inventory more efficiently. However, the subsequent fluctuations from 2022 to 2024 indicate potential challenges that may impact the company's working capital and operational performance. Further analysis and comparison with industry benchmarks would be beneficial to assess Myriad Genetics Inc's inventory management strategies in more detail.