Gen Digital Inc. (GEN)

Total asset 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
Total assets	US$ in thousands	15,772,000	16,282,000	16,411,000	15,787,000	15,947,000	15,503,000	15,882,000	6,247,000	6,943,000	6,873,000	6,733,000	6,565,000	6,361,000	6,357,000	6,313,000	6,405,000	7,735,000	18,547,000	16,229,000	15,369,000
Total asset turnover		0.24	0.23	0.23	0.23	0.17	0.16	0.14	0.34	0.40	0.40	0.40	0.40	0.40	0.39	0.39	0.38	0.32	0.13	0.15	0.16

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,812,000K ÷ $15,772,000K
= 0.24

Gen Digital Inc.'s total asset turnover has shown varying trends over the past several quarters. From March 2020 to December 2020, the company's total asset turnover was relatively stable, ranging from 0.39 to 0.40. This indicates that the company was efficient in generating sales revenue relative to its total assets during that period.

However, there was a significant drop in total asset turnover in the first quarter of 2021, with a ratio of 0.32. This could suggest a decrease in sales generated from the company's total assets, possibly indicating operational challenges or changes in the business environment.

Subsequently, in the second quarter of 2021, there was a notable improvement in total asset turnover to 0.40, which continued in the following quarters of 2021. This recovery and consistency in total asset turnover may indicate improvements in the company's operational efficiency and sales generation capabilities.

Moving into 2022, there was another drop in total asset turnover in the second quarter, followed by a significant increase to 0.34 in the third quarter, and then reaching 0.40 again in the fourth quarter. These fluctuations in total asset turnover could signify changes in the company's revenue generation relative to its total asset base during these periods.

In the latest quarters of 2023 and 2024, total asset turnover remained relatively stable around 0.23 to 0.24. This suggests that the company has maintained a consistent level of efficiency in generating sales from its total assets during this period, although at a lower level compared to the peak seen in late 2021.

Overall, the analysis of Gen Digital Inc.'s total asset turnover reveals fluctuations in the company's ability to efficiently utilize its total assets to generate sales revenue. Further investigation into the underlying factors driving these trends would be necessary to understand the company's operational performance in more detail.