Gen Digital Inc. (GEN)

Number of days of payables

		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
Payables turnover		11.08	11.79	11.02	10.25	7.65	6.67	6.47	5.75	6.48	4.89	4.79	4.97	6.96	5.37	5.70	6.38	4.52	2.68	3.56	3.30
Number of days of payables	days	32.95	30.96	33.14	35.62	47.72	54.75	56.42	63.52	56.36	74.62	76.20	73.39	52.43	67.93	64.07	57.18	80.80	136.44	102.58	110.48

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 fluctuations over the past several reporting periods. The trend indicates changes in the company's ability to settle its accounts payable within a certain time frame.

In the most recent period as of March 31, 2024, the company took approximately 32.95 days to settle its payables. This suggests that the company has been able to manage its accounts payable effectively within a reasonable timeframe.

Comparing this to historical data, there has been a decreasing trend in the number of days of payables since the peak of 136.44 days on December 31, 2019. This decreasing trend indicates an improvement in the company's ability to meet its payment obligations more promptly, which can have a positive impact on cash flow management.

It is essential for Gen Digital Inc. to continue monitoring and managing its payables effectively to maintain a healthy liquidity position and optimize its working capital efficiency.