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GuruFocus has detected 7 Warning Signs with Myriad Genetics Inc $MYGN.
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Myriad Genetics Inc (NAS:MYGN)
Days Payable
55.20 (As of Mar. 2017)

Myriad Genetics Inc's payable for the three months ended in Mar. 2017 was $26.8 Mil. Myriad Genetics Inc's cost of goods sold for the three months ended in Mar. 2017 was $44.3 Mil. Hence, Myriad Genetics Inc's days payable for the three months ended in Mar. 2017 was 55.20.

MYGN' s Days Payable Range Over the Past 10 Years
Min: 48.96   Max: 280.85
Current: 57.98

48.96
280.85

During the past 13 years, Myriad Genetics Inc's highest Days Payable was 280.85. The lowest was 48.96. And the median was 80.13.

MYGN's Days Payable is ranked lower than
51% of the 183 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 59.24 vs. MYGN: 57.98 )

Myriad Genetics Inc's days payable increased from Mar. 2016 (31.32) to Mar. 2017 (55.20). It may suggest that Myriad Genetics Inc delayed 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=21.1/157.3*365
=48.96

Myriad Genetics Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=26.8/44.3*365 / 4
=55.20

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Myriad Genetics Inc Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
DaysPayable 186.72280.85119.6073.1189.0357.2583.0477.2152.2548.96

Myriad Genetics Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 40.5345.1350.1439.5037.0831.3248.1345.4047.0655.20
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