Cigna Corp (CI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 26.11 | 26.33 | 30.11 | 33.86 | 34.74 | |
| Number of days of payables | days | 13.98 | 13.86 | 12.12 | 10.78 | 10.51 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 26.11
= 13.98
The number of days of payables for Cigna Group (The) has shown variability over the past five years. In 2023, the company took approximately 86.03 days to pay off its trade payables, a slight improvement from the previous year's 88.12 days. However, this is notably higher compared to the figures in 2021 where the number of days of payables was 72.38 days.
In 2020 and 2019, the number of days of payables was significantly lower at 14.68 days and 14.46 days respectively. This indicates that historically, Cigna Group (The) managed to settle its payables much quicker. The uptick in the number of days of payables in recent years may suggest a change in the company's payment practices or relationships with suppliers. Further investigation into the reasons behind this trend would be necessary to fully understand its implications for the company's liquidity and working capital management.
Peer comparison
Dec 31, 2023