Myriad Genetics Inc (MYGN)

Inventory turnover

		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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Cost of revenue (ttm)	US$ in thousands	654,800	678,200	733,300	741,500	922,000	824,000	674,700	578,700	502,900	556,600	585,300	614,900	666,100	579,100	662,300	652,200	664,100	706,500	616,200	615,600
Inventory	US$ in thousands	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	26,600	29,100	30,800	28,100	28,100
Inventory turnover		24.99	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

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $654,800K ÷ $26,200K
= 24.99

Myriad Genetics Inc's inventory turnover has shown a fluctuating trend over the past several quarters. The inventory turnover ratio measures how efficiently the company is managing its inventory by indicating how many times the company's inventory is sold and replaced in a given period.

The inventory turnover ratio has ranged from a low of 21.91 to a high of 40.19 over the past several quarters, indicating a significant variance in the efficiency of the company's inventory management. Generally, a higher inventory turnover ratio signifies more efficient inventory management, as it indicates that inventory is being sold and replaced at a faster rate.

In the most recent quarter, the inventory turnover ratio was 24.99, indicating that the company's inventory was turned over approximately 24.99 times during that period. This suggests a relatively efficient level of inventory management, although it is slightly lower compared to some previous quarters.

Overall, fluctuations in the inventory turnover ratio may be influenced by factors such as changes in sales volume, production efficiency, inventory management practices, and overall market conditions. Analyzing these trends can provide insights into the company's operational efficiency and effectiveness in managing its inventory levels.