Gen Digital (MEX:GEN) Receivables Turnover : 6.38 (As of Sep. 2024)

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What is Gen Digital Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Gen Digital's Revenue for the three months ended in Sep. 2024 was MXN19,178 Mil. Gen Digital's average Accounts Receivable for the three months ended in Sep. 2024 was MXN3,007 Mil. Hence, Gen Digital's Receivables Turnover for the three months ended in Sep. 2024 was 6.38.

Gen Digital Receivables Turnover Historical Data

The historical data trend for Gen Digital's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gen Digital Receivables Turnover Chart

Gen Digital Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.15

20.88

23.29

22.21

22.07

Gen Digital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															6.52	6.12	5.92	6.44	6.38

Competitive Comparison of Gen Digital's Receivables Turnover

For the Software - Infrastructure subindustry, Gen Digital's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Gen Digital's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Gen Digital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gen Digital's Receivables Turnover falls into.

Gen Digital Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Gen Digital's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	63264.924	/ (	(3028.2	+	2705.19)	/	2 )
=	63264.924	/	2866.695
=	22.07

Gen Digital's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	19178.352	/ (	(2784.656	+	3229.209)	/	2 )
=	19178.352	/	3006.9325
=	6.38

Gen Digital (MEX:GEN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Gen Digital Receivables Turnover Related Terms

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Gen Digital Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Gen Digital Inc (MEX:GEN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GEN:USA 1NLOK:Italy SYM:Germany SYM:Germany SYM:Germany GEN:Czech Republic S1YM34:Brazil SYMC:Austria

Address

60 E. Rio Salado Parkway, Suite 1000, Tempe, AZ, USA, 85281

Website

https://www.gendigital.com

Gen is a cybersecurity pure-play that offers security, identity protection, and privacy solutions to individual consumers. The firm's cyber safety offerings, via brands such as Norton, Avast, and LifeLock, have long maintained their positions as some of the most recognizable consumer-focused security and identity-protection products.