Cigna Corp (CI)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 11.02 | 10.48 | 11.55 | 13.16 | 14.33 | |
| DSO | days | 33.13 | 34.81 | 31.60 | 27.74 | 25.47 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.02
= 33.13
Cigna Group (The) has experienced fluctuations in its days of sales outstanding (DSO) over the past five years. The DSO increased from 25.47 days in 2019 to 27.74 days in 2020, indicating a slight decrease in the efficiency of collecting accounts receivable. However, in 2021, the DSO decreased to 31.60 days, showing an improvement in collecting receivables more quickly.
In 2022, the DSO increased to 34.81 days, signaling a potential slowdown in collecting payment from customers. However, in 2023, there was a notable improvement as the DSO decreased to 33.13 days, implying a better performance in managing accounts receivable and converting sales into cash.
Overall, while there have been fluctuations in Cigna Group's DSO over the years, a decreasing trend indicates an improvement in the efficiency of collecting payments from customers, which is a positive sign of effective management of accounts receivable.
Peer comparison
Dec 31, 2023