Myriad Genetics Inc (MYGN)

Total asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	837,600	753,200	678,400	690,600	557,000
Total assets	US$ in thousands	1,027,600	1,146,500	1,198,700	1,320,700	1,418,800
Total asset turnover		0.82	0.66	0.57	0.52	0.39

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $837,600K ÷ $1,027,600K
= 0.82

Myriad Genetics Inc's total asset turnover has shown a positive trend over the past five years, increasing from 0.39 in December 31, 2020, to 0.82 in December 31, 2024. This indicates that the company is generating more revenue for each dollar of total assets it holds. A higher total asset turnover ratio typically suggests that the company is effectively utilizing its assets to generate sales. In this case, the increasing trend in total asset turnover reflects improved efficiency in utilizing the company's total assets to generate revenue over the years. This improvement may be attributed to better asset management, operational efficiency, or strategic changes within the company. Overall, the rising trend in total asset turnover for Myriad Genetics Inc is a positive indicator of the company's operational efficiency and effectiveness in generating revenue through its asset base.