Myriad Genetics Inc (MYGN)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	252,200	254,100	248,200	241,600	236,200	228,500	221,300	213,200	202,000	193,900	191,300	195,300	197,600	198,900	195,300	178,300	178,100	180,600	186,100	200,000
Inventory	US$ in thousands	27,500	26,200	26,100	24,600	22,000	25,100	22,500	21,800	20,100	19,600	15,400	15,600	15,300	18,600	17,700	24,600	27,100	26,600	29,100	30,800
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

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $252,200K ÷ $27,500K
= 9.17

Myriad Genetics Inc's inventory turnover has fluctuated over the past few years, reflecting the efficiency with which the company manages its inventory. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced over a certain period.

Analyzing the data provided:
- The inventory turnover ratio ranged from 6.40 to 12.92 during the period from June 2020 to December 2021.
- The highest inventory turnover was observed in December 2021 at 12.92, indicating that the company's inventory was sold and replenished approximately 12.92 times during that period.
- However, the inventory turnover ratio then decreased to around 9-10 in the subsequent quarters, indicating a possible change in inventory management strategy or sales patterns.

Overall, the trend suggests that Myriad Genetics Inc has been effectively managing its inventory turnover, with some fluctuations seen in recent quarters. A high inventory turnover ratio generally indicates efficient inventory management and liquidity, while a declining ratio may signify potential challenges in sales or inventory control that require further investigation.