Myriad Genetics Inc (MYGN)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 162,500 | 116,700 | 33,100 | 3,900 | -190,500 | -127,800 | 17,200 | 96,500 | 317,700 | 274,600 | 254,600 | 231,400 | 100 | 11,000 | -97,900 | -65,600 | -36,200 | 43,500 | 185,500 | 206,900 |
| Revenue (ttm) | US$ in thousands | 817,300 | 794,900 | 766,400 | 745,400 | 731,500 | 696,200 | 691,900 | 675,200 | 820,600 | 831,200 | 839,900 | 846,300 | 666,200 | 590,100 | 564,400 | 586,600 | 627,900 | 750,000 | 801,700 | 822,500 |
| Gross profit margin | 19.88% | 14.68% | 4.32% | 0.52% | -26.04% | -18.36% | 2.49% | 14.29% | 38.72% | 33.04% | 30.31% | 27.34% | 0.02% | 1.86% | -17.35% | -11.18% | -5.77% | 5.80% | 23.14% | 25.16% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $162,500K ÷ $817,300K
= 19.88%
The gross profit margin of Myriad Genetics Inc has fluctuated over the past several quarters. The trend shows that the company experienced a significant decline in gross profit margin in recent quarters, with negative margins recorded in some periods. This indicates that the company may have faced challenges in generating profit from its core operations.
The gross profit margin was particularly low in the first half of the fiscal year 2024, gradually improving in the most recent quarter but still remaining at a relatively low level compared to historical data. The company's performance in managing direct costs and pricing strategies may have impacted its ability to generate profits from its revenue.
Overall, the varying gross profit margins suggest that Myriad Genetics Inc may be facing operational inefficiencies or market pressures affecting its ability to maintain healthy profit margins. Further analysis of the company's cost structure and pricing strategies would be necessary to better understand the factors contributing to these fluctuations in gross profit margin.
Peer comparison
Sep 30, 2024