Cigna Corp (CI)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	164,934,000	217,052,000	212,210,000	208,124,000	204,682,000	152,480,000	151,911,000	150,066,000	146,979,000	196,555,000	193,507,000	187,777,000	185,488,000	180,808,000	177,705,000	178,199,000	176,805,000	141,866,000
Inventory	US$ in thousands	5,645,000	4,416,000	4,514,000	4,211,000	4,777,000	4,017,000	3,781,000	3,500,000	3,722,000	3,020,000	3,042,000	2,919,000	3,165,000	2,657,000	2,712,000	2,565,000	2,661,000	2,160,000	2,298,000	2,382,000
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

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $164,934,000K ÷ $5,645,000K
= 29.22

The inventory turnover for Cigna Group (The) has been relatively stable over the past 8 quarters, ranging between 6.43 and 9.66. This indicates that the company is able to efficiently manage its inventory levels and convert its inventory into sales.

A higher inventory turnover ratio generally suggests that the company is selling its inventory quickly, which can be a positive sign of strong sales and efficient operations. On the other hand, a lower inventory turnover ratio may indicate slower sales or excess inventory on hand.

In this case, the inventory turnover ratios have mostly been above 6, indicating that Cigna Group (The) has been effectively managing its inventory levels. However, the slight fluctuations in the ratio over the quarters may indicate changes in sales volumes or inventory management practices. Further analysis would be needed to understand the underlying reasons for these fluctuations and their impact on the company's overall performance.