Gen Digital Inc. (GEN)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,812,000 | 3,338,000 | 2,796,000 | 2,551,000 | 2,490,000 |
| Receivables | US$ in thousands | 337,000 | 291,000 | 155,000 | 213,000 | 261,000 |
| Receivables turnover | 11.31 | 11.47 | 18.04 | 11.98 | 9.54 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,812,000K ÷ $337,000K
= 11.31
The receivables turnover ratio for Gen Digital Inc. has fluctuated over the past five years. In the most recent fiscal year ending on March 31, 2024, the company achieved a receivables turnover ratio of 11.31, indicating that the company collected its accounts receivables approximately 11.31 times throughout the year. This ratio was slightly lower compared to the previous fiscal year's ratio of 11.47.
Looking back further, the receivables turnover ratio was notably higher in the fiscal year ending March 31, 2022, at 18.04, which suggests that the company was more efficient in collecting payments from its customers during that period. The ratios for the fiscal years ending in 2021 and 2020 were 11.98 and 9.54, respectively, indicating some variability in the company's receivables turnover efficiency during those years.
Overall, the trend in the receivables turnover ratio for Gen Digital Inc. shows fluctuations over the past five years, reflecting changes in the company's ability to efficiently collect payments from customers. Further analysis of the reasons behind these fluctuations and comparison with industry benchmarks may provide valuable insights into the company's financial performance and management of accounts receivables.
Peer comparison
Mar 31, 2024