Gen Digital Inc. (GEN)
Payables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 863,000 | 904,000 | 893,000 | 835,000 | 781,000 | 731,000 | 727,000 | 666,000 | 610,000 | 521,000 | 448,000 | 429,000 | 408,000 | 406,000 | 388,000 | 378,000 | 362,000 | 360,000 | 376,000 | 386,000 |
| Payables | US$ in thousands | 94,000 | 102,000 | 99,000 | 83,000 | 66,000 | 62,000 | 66,000 | 65,000 | 77,000 | 75,000 | 66,000 | 71,000 | 63,000 | 83,000 | 81,000 | 76,000 | 52,000 | 67,000 | 66,000 | 60,000 |
| Payables turnover | 9.18 | 8.86 | 9.02 | 10.06 | 11.83 | 11.79 | 11.02 | 10.25 | 7.92 | 6.95 | 6.79 | 6.04 | 6.48 | 4.89 | 4.79 | 4.97 | 6.96 | 5.37 | 5.70 | 6.43 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $863,000K ÷ $94,000K
= 9.18
Gen Digital Inc.'s payables turnover ratio has shown fluctuations over the past few years, ranging from a low of 4.79 to a high of 11.83. This ratio measures how efficiently the company is managing its accounts payable by indicating the number of times the company pays off its suppliers during a specific period.
A general trend indicates that the payables turnover ratio has generally been on an upward trajectory, from around 5 in mid-2020 to peaking at over 11 by March 2024. Higher values imply that the company is paying its suppliers more frequently during the year, which could be a sign of strong cash management and good relationships with vendors.
However, the ratio dipped slightly towards the end of 2024, indicating a potential change in the company's payables management strategy. Overall, a consistent payables turnover ratio can suggest good working capital management and healthy relationships with suppliers. It is essential to monitor this ratio over time to assess the efficiency of Gen Digital Inc.'s accounts payable process.
Peer comparison
Mar 31, 2025