Myriad Genetics Inc (MYGN)

Number of days of payables

		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
Payables turnover		20.37	22.15	28.74	27.20	20.70	18.48	20.09	16.99	25.65	21.60	20.77	42.43	20.32	31.84	34.15	30.60	23.32	29.34	25.65	18.32
Number of days of payables	days	17.92	16.48	12.70	13.42	17.63	19.75	18.16	21.48	14.23	16.90	17.57	8.60	17.96	11.46	10.69	11.93	15.65	12.44	14.23	19.92

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 20.37
= 17.92

The number of days of payables for Myriad Genetics Inc has shown some fluctuations over the past few quarters. The trend indicates that the company takes between 10.69 to 21.48 days on average to pay its suppliers for goods and services.

There was a notable increase in the number of days of payables in the December 2022 quarter, reaching 21.48 days, which may suggest the company took longer to settle its payables during that period. However, in the following quarters, the number of days of payables decreased, reaching a low of 8.60 days in the March 2023 quarter.

Overall, the average number of days of payables for Myriad Genetics Inc appears to be around 15 days, with some quarters exhibiting longer payment cycles than others. It is essential to monitor this ratio to ensure that the company maintains a healthy balance between managing its payables efficiently and preserving positive relationships with its suppliers.