Gen Digital Inc. (GEN)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		11.08	7.65	6.48	6.96	4.52
Number of days of payables	days	32.95	47.72	56.36	52.43	80.80

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.08
= 32.95

The number of days of payables for Gen Digital Inc. has shown a decreasing trend over the past five years, indicating improvements in managing its payables. The company took, on average, 32.95 days to pay its suppliers in the most recent fiscal year ending March 31, 2024, compared to 47.72 days in the previous year and a high of 80.80 days in fiscal year 2020.

This trend suggests that Gen Digital Inc. has been able to negotiate more favorable payment terms with its suppliers or implement more efficient payment processes. A lower number of days of payables can indicate better liquidity management and potentially stronger supplier relationships. It is important to monitor this ratio to ensure that the company maintains a healthy balance between managing cash flow and maintaining positive relationships with suppliers.