Cigna Corp (CI)

Number of days of payables

		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
Payables turnover		19.28	28.29	26.29	28.28	26.33	22.20	21.27	22.63	22.09	34.73	34.27	33.29	33.86	33.94	32.83	31.91	34.74	31.51
Number of days of payables	days	18.93	12.90	13.88	12.91	13.86	16.45	17.16	16.13	16.53	10.51	10.65	10.96	10.78	10.75	11.12	11.44	10.51	11.58

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.28
= 18.93

The number of days of payables for Cigna Group (The) has shown some fluctuation over the past eight quarters. In Q4 2023, the number of days of payables was 86.03 days, which increased from the previous quarter's figure of 80.02 days in Q3 2023. This suggests that the company took longer to pay its suppliers in Q4 2023 compared to Q3 2023.

Looking at a broader trend, the number of days of payables ranged from a low of 71.56 days in Q1 2022 to a high of 88.12 days in Q4 2022. This indicates variability in Cigna Group's payment terms with its suppliers over time.

Overall, a higher number of days of payables may suggest that Cigna Group is taking longer to settle its outstanding obligations, which could have implications for cash flow management and supplier relationships. It is important for the company to strike a balance in its payables management to optimize working capital efficiency and maintain positive relationships with suppliers.