Gen Digital Inc. (GEN)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		—	19.00	7.29	1.55	1.46
DOH	days	—	19.21	50.10	234.93	250.76

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for Gen Digital Inc. have fluctuated significantly over the past five years. In March 2020, the company had a very high DOH of 250.76 days, indicating that it held inventory for a lengthy period before selling. Subsequently, there was a noticeable decrease in DOH to 234.93 days in March 2021, suggesting some improvement in inventory management efficiency.

Further progress was seen in March 2022 as the DOH decreased substantially to 50.10 days, reflecting a significant reduction in the time it took for the company to sell its inventory. By March 2023, the DOH decreased even more to 19.21 days, indicating enhanced efficiency in managing inventory levels.

In conclusion, the trend in Gen Digital Inc.'s DOH shows a positive trajectory over the years, with the company successfully reducing the number of days its inventory is held before it is sold. This improvement suggests effective inventory management strategies and potentially better liquidity and profitability for the company.