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Myriad Genetics Inc (NAS:MYGN)
Days Payable
50.15 (As of Jun. 2015)

Myriad Genetics Inc's payable for the three months ended in Jun. 2015 was $21.1 Mil. Myriad Genetics Inc's cost of goods sold for the three months ended in Jun. 2015 was $38.4 Mil. Hence, Myriad Genetics Inc's days payable for the three months ended in Jun. 2015 was 50.15.

Myriad Genetics Inc's days payable declined from Jun. 2014 (68.04) to Jun. 2015 (50.15). It may suggest that Myriad Genetics Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Myriad Genetics Inc's Days Payable for the fiscal year that ended in Jun. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=21.1/147.4*365
=52.25

Myriad Genetics Inc's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=21.1/38.389*365 / 4
=50.15

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Myriad Genetics Inc Annual Data

Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15
DaysPayable 155.86186.72280.85119.6073.1189.0357.2583.1277.2152.25

Myriad Genetics Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
DaysPayable 54.9274.9667.1361.4564.9368.0467.3440.5845.1450.15
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