Myriad Genetics Inc (MYGN)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Inventory turnover 9.17 9.70 9.51 9.82 10.74 9.10 9.84 9.78 10.05 9.89 12.42 12.52 12.92 10.69 11.03 7.25 6.57 6.79 6.40 6.49
DOH days 39.80 37.63 38.38 37.16 34.00 40.09 37.11 37.32 36.32 36.90 29.38 29.16 28.26 34.13 33.08 50.36 55.54 53.76 57.07 56.21

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 shown some fluctuations over the past few years.

From March 31, 2020, to December 31, 2021, the DOH ranged between 50 to 57 days, indicating that the company held inventory for an average of around 50 to 57 days before selling it.

However, there was a significant decrease in DOH from June 30, 2021, to December 31, 2021, dropping from 33 to 28 days. This suggests that Myriad Genetics was able to manage its inventory more efficiently during this period, possibly due to improved inventory management practices or faster inventory turnover.

From March 31, 2022, to December 31, 2024, the DOH fluctuated between 29 to 40 days. The increase in DOH during some periods might indicate a build-up of inventory levels, which could tie up capital and increase storage costs. Conversely, a decrease in DOH may indicate inventory moving faster, potentially leading to higher sales and better liquidity.

Overall, monitoring the DOH can provide insights into inventory management efficiency, potential cash flow challenges related to inventory levels, and the company's ability to adapt to changing market demands. Analyzing trends in DOH over time can help evaluate operational performance and assess the effectiveness of inventory management strategies within Myriad Genetics Inc.