Myriad Genetics Inc (MYGN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -115,800 | -155,900 | -233,100 | -257,400 | -278,200 | -263,100 | -167,200 | -140,600 | -131,500 | -166,400 | -169,400 | -190,500 | -187,000 | -175,400 | -288,300 | -250,400 | -231,700 | -169,000 | -29,400 | -14,500 |
| 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 |
| Operating profit margin | -14.17% | -19.61% | -30.41% | -34.53% | -38.03% | -37.79% | -24.17% | -20.82% | -16.02% | -20.02% | -20.17% | -22.51% | -28.07% | -29.72% | -51.08% | -42.69% | -36.90% | -22.53% | -3.67% | -1.76% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-115,800K ÷ $817,300K
= -14.17%
The operating profit margin of Myriad Genetics Inc has shown a fluctuating trend over the past quarters. The company experienced negative operating profit margins ranging from -51.08% to -14.17% during the period from September 2020 to September 2024.
The operating profit margin measures the efficiency of a company in generating profit from its core operations. A negative operating profit margin indicates that the company's operating expenses exceed its revenue, resulting in operating losses.
Myriad Genetics Inc's operating profit margin has been in negative territory for the majority of the quarters in the provided data. The margins have improved slightly from the lowest point of -51.08% in March 2021 to -14.17% in September 2024, but they remain consistently negative.
This indicates that the company may be facing challenges in controlling its operating costs relative to its revenue generation. Investors and stakeholders may monitor the company's efforts to improve operational efficiency and increase revenue to bring the operating profit margin into positive territory.
Peer comparison
Sep 30, 2024