Myriad Genetics Inc (MYGN)

Cash conversion cycle

		Dec 31, 2024	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Days of inventory on hand (DOH)	days	39.80	37.63	38.38	37.16	34.00	40.09	37.11	37.32	36.32	36.90	29.38	29.16	28.26	34.13	33.08	50.36	55.54	53.76	57.07	56.21
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	days	39.80	37.63	38.38	37.16	34.00	40.09	37.11	37.32	36.32	36.90	29.38	29.16	28.26	34.13	33.08	50.36	55.54	53.76	57.07	56.21

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 39.80 + — – —
= 39.80

The cash conversion cycle of Myriad Genetics Inc has shown fluctuations over the periods analyzed. In general, a decreasing trend is observed from March 31, 2020, to June 30, 2021, indicating an improvement in managing the company's working capital. During this period, the company was able to convert its inventory into cash at a faster rate.

From June 30, 2021, to September 30, 2022, there was a slight increase in the cash conversion cycle, suggesting a potential delay in collecting cash from customers or managing inventory efficiently. This increase could be a red flag for the company's liquidity and operational efficiency.

Subsequently, from September 30, 2022, to December 31, 2024, the cash conversion cycle remained relatively stable with slight fluctuations. Although the cycle increased slightly towards the end of the period, it stayed within a manageable range.

Overall, the cash conversion cycle of Myriad Genetics Inc reflects the company's ability to efficiently manage its working capital, but there are periods of concern that may require closer monitoring and management attention to ensure optimal liquidity and operational performance.