Gen Digital Inc. (GEN)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,935,000 | 3,892,000 | 3,857,000 | 3,831,000 | 3,812,000 | 3,792,000 | 3,777,000 | 3,577,000 | 3,338,000 | 3,107,000 | 2,873,000 | 2,817,000 | 2,796,000 | 2,752,000 | 2,689,000 | 2,623,000 | 2,551,000 | 2,493,000 | 2,472,000 | 2,454,000 |
| Receivables | US$ in thousands | 171,000 | 265,000 | 178,000 | 163,000 | 163,000 | 200,000 | 176,000 | 145,000 | 168,000 | 192,000 | 177,000 | 121,000 | 147,000 | 128,000 | 124,000 | 124,000 | 148,000 | 243,000 | 187,000 | 165,000 |
| Receivables turnover | 23.01 | 14.69 | 21.67 | 23.50 | 23.39 | 18.96 | 21.46 | 24.67 | 19.87 | 16.18 | 16.23 | 23.28 | 19.02 | 21.50 | 21.69 | 21.15 | 17.24 | 10.26 | 13.22 | 14.87 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,935,000K ÷ $171,000K
= 23.01
Gen Digital Inc.'s receivables turnover has exhibited fluctuating trends over the past few years. The turnover ratio measures how efficiently the company is collecting its accounts receivable during a specific period.
From June 2020 to September 2021, the receivables turnover showed a general upward trend, indicating an improvement in the collection efficiency of the company. This is a positive sign as it suggests that Gen Digital Inc. was able to convert its accounts receivable into cash more rapidly during this period.
However, from September 2021 to September 2022, there was a slight decline in the receivables turnover ratio, followed by some volatility in the subsequent quarters. This variation could be attributed to changes in the company's credit policies, customer payment behaviors, or fluctuations in sales volume.
The receivables turnover peaked at 24.67 in June 2023, indicating a significant improvement in collections efficiency. This could be a result of tighter credit control measures or better management of outstanding receivables.
Despite the peak in June 2023, the turnover ratio fell to 14.69 by December 2024, signifying a possible delay in collecting receivables or changes in the composition of sales that impacted the turnover ratio negatively.
Overall, although there have been fluctuations in Gen Digital Inc.'s receivables turnover, the company has shown a general ability to manage its accounts receivable effectively over the analyzed periods. Further investigation into the reasons behind the fluctuations may provide insights into the company's operational and financial performance.
Peer comparison
Mar 31, 2025