Gen Digital Inc. (GEN)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	3,812,000	3,792,000	3,777,000	3,577,000	2,658,000	2,427,000	2,193,000	2,137,000	2,796,000	2,752,000	2,689,000	2,623,000	2,551,000	2,493,000	2,472,000	2,454,000	2,490,000	2,493,000	2,490,000	2,494,000
Receivables	US$ in thousands	337,000	1,017,000	243,000	231,000	291,000	374,000	318,000	—	155,000	187,000	—	—	213,000	—	—	—	—	—	—	—
Receivables turnover		11.31	3.73	15.54	15.48	9.13	6.49	6.90	—	18.04	14.72	—	—	11.98	—	—	—	—	—	—	—

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,812,000K ÷ $337,000K
= 11.31

The receivables turnover ratio of Gen Digital Inc. has fluctuated over the past few quarters. The ratio was relatively low at 3.73 in December 2023, indicating that the company took approximately 3.73 times to collect its accounts receivable during that period. However, it improved significantly in the following quarters, reaching its peak at 18.04 in March 2022, suggesting that the company was able to collect its receivables more efficiently.

While the ratio dipped in subsequent quarters, with some periods not having data available, it remained relatively healthy overall. A high receivables turnover ratio signifies effective management of accounts receivable and indicates that the company is efficient in collecting debts from its customers.

Gen Digital Inc. should continue to monitor its receivables turnover ratio to ensure that it maintains a balance between extending credit to customers and collecting payments promptly.