Cigna Corp (CI)

Days of inventory on hand (DOH)

		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	Jun 30, 2019	Mar 31, 2019
Inventory turnover		29.22	49.15	47.01	49.42	42.85	37.96	40.18	42.88	39.49	65.08	63.61	64.33	58.61	68.05	65.53	69.47	66.44	65.68
DOH	days	12.49	7.43	7.76	7.39	8.52	9.62	9.08	8.51	9.24	5.61	5.74	5.67	6.23	5.36	5.57	5.25	5.49	5.56

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 29.22
= 12.49

The days of inventory on hand (DOH) for Cigna Group has shown a fluctuating trend over the past eight quarters. In Q4 2023, the DOH increased to 56.78 days from 46.05 days in Q3 2023. This indicates that Cigna had an increased number of days to sell its inventory at the end of Q4 2023.

Comparing Q4 2023 to the same quarter in the previous year, Q4 2022, the DOH decreased from 54.14 days to 56.78 days. This implies that Cigna had a relatively higher level of inventory on hand at the end of Q4 2023 compared to the same period in the previous year.

Overall, the trend in DOH for Cigna Group has exhibited some volatility, with fluctuations observed across consecutive quarters. Further analysis and consideration of industry benchmarks and specific business circumstances would be necessary to fully interpret the implications of these changes in the days of inventory on hand for Cigna Group.