Cigna Corp (CI)

Days of inventory on hand (DOH)

		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
DOH	days	—	56.90	54.14	40.48	35.32

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ -0.41
= —

The days of inventory on hand (DOH) for Cigna Corp have shown a fluctuating trend over the past five years, as per the provided data. The DOH increased from 35.32 days as of December 31, 2020, to 40.48 days by December 31, 2021, indicating a slight extension in the average number of days it takes for Cigna to sell its inventory.

A significant jump in DOH was observed by the end of December 31, 2022, reaching 54.14 days, which suggests an increase in the amount of time Cigna's inventory is held before being sold. This was followed by a further rise in DOH to 56.90 days by December 31, 2023, indicating a potential need for inventory management improvements to optimize the turnover of goods.

The data for December 31, 2024, is indicated as missing ("— days"), preventing an analysis of the latest year. It is worth noting that a persistently high DOH can tie up working capital, increase carrying costs, and potentially signal inefficiencies in inventory management or demand forecasting.

Overall, the trend in Cigna Corp's DOH shows a need for careful monitoring of inventory levels and sales processes to ensure efficient operations and alignment with market demand.