Myriad Genetics Inc (MYGN)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 28.98 | 20.29 | 20.75 | 31.42 | 18.87 | |
| Number of days of payables | days | 12.60 | 17.99 | 17.59 | 11.62 | 19.34 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 28.98
= 12.60
The number of days of payables for Myriad Genetics, Inc. has shown a decreasing trend over the past five periods. Beginning at 60.47 days as of June 30, 2019, the number of days of payables has steadily decreased to 39.87 days as of December 31, 2023. This suggests that the company has been managing its payables more efficiently, taking fewer days to pay its outstanding obligations. A decreasing number of days of payables can indicate improved cash flow management, stronger supplier relationships, or more effective working capital management. It's important to continue monitoring this metric to ensure sustainability and effectiveness in the company's financial operations.
Peer comparison
Dec 31, 2023