Cigna Corp (CI)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | -0.41 | 6.41 | 6.74 | 9.02 | 10.33 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | — | — | 9.99 | 10.31 | 23.94 |
1. Inventory Turnover:
- The inventory turnover ratio for Cigna Corp has been declining steadily over the years from 10.33 in 2020 to 6.41 in 2023, with a drastic decrease to -0.41 in 2024. A negative turnover ratio like this implies that the company is not efficiently managing its inventory.
2. Receivables Turnover:
- There is no data available for the receivables turnover ratio for Cigna Corp, meaning the company may not disclose this information or the data is not applicable for analysis.
3. Payables Turnover:
- Similar to receivables turnover, there is no data provided for payables turnover, indicating that information on how quickly the company pays its suppliers is not available or not relevant for this analysis.
4. Working Capital Turnover:
- The working capital turnover ratio has shown a significant decrease from 23.94 in 2020 to 9.99 in 2022, with missing data for 2023 and 2024. This suggests that the efficiency of Cigna Corp in generating revenue from its working capital has decreased over the years.
Overall, based on the activity ratios analyzed, Cigna Corp seems to be facing challenges in managing its inventory efficiently and generating revenue from its working capital. Additional information on receivables and payables turnovers could provide a more comprehensive view of the company's operational efficiency and liquidity management.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 56.90 | 54.14 | 40.48 | 35.32 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for Cigna Corp's activity ratios:
1. Days of Inventory on Hand (DOH):
- The days of inventory on hand increased from 35.32 days as of December 31, 2020, to 40.48 days as of December 31, 2021, and further rose to 54.14 days as of December 31, 2022, followed by a slight increase to 56.90 days as of December 31, 2023. However, there is no data available for December 31, 2024.
2. Days of Sales Outstanding (DSO):
- There is no data available for the days of sales outstanding for any of the years provided (2020 to 2024). This could indicate that the company does not track this metric or does not disclose it publicly.
3. Number of Days of Payables:
- Similarly, there is no data available for the number of days of payables for any of the years provided (2020 to 2024). This lack of information makes it challenging to assess how the company manages its payables in relation to its inventory and sales activities.
In summary, the trend in the Days of Inventory on Hand for Cigna Corp shows an increase over the years, while the days of sales outstanding and number of days of payables information is not available for analysis. A complete assessment of the company's efficiency in managing its inventory, sales, and payables would require additional information on DSO and payables days.
See also:
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 43.39 | 47.20 | 38.18 |
| Total asset turnover | 1.57 | 1.28 | 1.25 | 1.13 | 1.03 |
Cigna Corp's Fixed Asset Turnover ratio has shown an increasing trend over the years, from 38.18 in 2020 to 47.20 in 2021 and then slightly decreasing to 43.39 in 2022. However, data for 2023 and 2024 is not available. This indicates that Cigna has been more efficient in generating revenue from its fixed assets during the period under consideration.
In contrast, Cigna's Total Asset Turnover ratio has also experienced growth, starting at 1.03 in 2020 and steadily increasing to 1.13 in 2021, 1.25 in 2022, and further rising to 1.28 in 2023, before a significant jump to 1.57 in 2024. This suggests that the company has been effective in utilizing its total assets to generate sales and revenue.
Overall, the upward trends in both Fixed Asset Turnover and Total Asset Turnover ratios indicate that Cigna Corp has been improving its efficiency in using its assets to generate revenue and sales, which is a positive indicator of the company's operational performance in the long term.