Gen Digital Inc. (GEN)

Inventory turnover

		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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jul 5, 2019
Cost of revenue (ttm)	US$ in thousands	731,000	731,000	727,000	666,000	589,000	500,000	427,000	408,000	408,000	406,000	388,000	378,000	362,000	360,000	376,000	383,000	393,000	420,000	427,000	446,000
Inventory	US$ in thousands	—	146,000	22,000	22,000	31,000	30,000	30,000	56,000	56,000	58,000	58,000	238,000	233,000	270,000	270,000	434,000	270,000	221,000	7,047,000	—
Inventory turnover		—	5.01	33.05	30.27	19.00	16.67	14.23	7.29	7.29	7.00	6.69	1.59	1.55	1.33	1.39	0.88	1.46	1.90	0.06	—

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $731,000K ÷ $—K
= —

Gen Digital Inc.'s inventory turnover has fluctuated significantly over the past few quarters. In the latest period ending March 31, 2024, the company reported an inventory turnover of 5.01, indicating that it turned over its inventory 5.01 times during the period. This is a decrease from the previous quarter's figure of 33.05, which was exceptionally high compared to historical data.

Looking further back, inventory turnover has shown variability, with peaks in efficiency seen in the third and fourth quarters of 2023. These high turnover rates suggest that Gen Digital Inc. was managing its inventory effectively during those periods. However, there was a notable drop in turnover in the first quarter of 2023, which could indicate challenges in managing inventory levels efficiently at that time.

Overall, the trend in inventory turnover for Gen Digital Inc. suggests some inconsistency in inventory management practices. It is essential for the company to maintain a balance in inventory levels to ensure optimal turnover rates and efficient operations. Further analysis of the reasons behind these fluctuations would be necessary to address any underlying issues and improve inventory management performance.