Myriad Genetics Inc (MYGN)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 25.98 | 29.81 | 33.70 | 36.73 | 36.62 | 30.95 | 28.79 | 25.66 | 36.14 | 37.52 | 40.19 | 35.81 | 32.72 | 26.92 | 24.52 | 22.82 | 22.94 | 21.93 | 21.91 | 19.43 | |
| DOH | days | 14.05 | 12.24 | 10.83 | 9.94 | 9.97 | 11.79 | 12.68 | 14.23 | 10.10 | 9.73 | 9.08 | 10.19 | 11.16 | 13.56 | 14.89 | 15.99 | 15.91 | 16.64 | 16.66 | 18.79 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 25.98
= 14.05
Days of Inventory on Hand (DOH) is a financial ratio that indicates how many days, on average, a company holds onto its inventory before selling it. A lower DOH value suggests that the company is efficiently managing its inventory, while a higher DOH value may indicate overstocking or slow-moving inventory.
Analyzing the trend in Myriad Genetics Inc's DOH over the past several quarters, we observe a fluctuating pattern. The company's DOH has ranged from a low of 9.08 days to a high of 18.79 days over the past few years.
In the most recent quarter, Jun 30, 2024, Myriad Genetics Inc's DOH was 14.05 days, indicating an increase from the previous quarter. This increase may suggest that the company is taking longer to sell its inventory or has accumulated more inventory on hand.
It is essential for investors and analysts to further investigate the reasons behind these fluctuations in DOH to assess the company's inventory management practices, sales trends, and overall operational efficiency. Additional factors such as industry norms, seasonality, and company-specific strategies should also be considered when interpreting the DOH ratio.
Peer comparison
Jun 30, 2024