Cigna Corp (CI)

Days of sales outstanding (DSO)

		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
Receivables turnover		11.02	9.95	10.15	10.34	10.48	10.45	9.81	11.07	11.55	10.47	10.79	11.99	13.16	11.64	12.17	13.13	14.33	11.06
DSO	days	33.13	36.68	35.95	35.31	34.81	34.94	37.20	32.98	31.60	34.87	33.84	30.45	27.74	31.37	29.98	27.80	25.47	33.00

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.02
= 33.13

The days of sales outstanding (DSO) for Cigna Group (The) has shown some fluctuations over the past eight quarters. In Q4 2023, the DSO decreased to 33.13 days compared to the previous quarter where it was at 46.13 days. This indicates a more efficient collection of accounts receivable in the most recent quarter.
Looking at a longer trend, compared to the same quarter in the previous year (Q4 2022), the DSO has decreased significantly from 34.81 days to 33.13 days, pointing towards an improvement in the company's ability to collect payments from customers in a timely manner.
Overall, the downward trend in DSO over the quarters signifies better management of accounts receivable and a potential increase in liquidity for Cigna Group (The).