Myriad Genetics Inc (MYGN)

Number of days of payables

		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
Payables turnover		22.12	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
Number of days of payables	days	16.50	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

September 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 22.12
= 16.50

The number of days of payables for Myriad Genetics Inc has fluctuated over the past few quarters, ranging from as low as 8.60 days to as high as 21.48 days. The trend appears to be somewhat volatile, with no clear pattern emerging from the data. The significant variances in the number of days of payables could indicate various factors affecting the company's payment practices, such as changes in supplier terms or the efficiency of the company's accounts payable process. It would be advisable for stakeholders to monitor this metric closely to understand the impact on the company's cash flow and working capital management.