Cigna Corp (CI)

Activity ratios

Short-term

Turnover ratios

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover	—	7.43	7.18	7.92	6.43	13.41	12.86	13.58	11.81	-17.61	-18.55	-19.96	-18.84	-20.26	-20.08	-21.40	-19.63	-22.85	-22.65	-23.76
Receivables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	—	—	—	—	—	—	—	—	9.99	61.47	15.65	84.16	2.86	3.78	3.62	3.45	3.35	3.14	2.99	—

Based on the provided data on activity ratios for Cigna Corp, let's analyze the information:

1. Inventory Turnover Ratio:
- The inventory turnover ratio for Cigna Corp ranged between approximately -23.76 to 13.58 over the past few years.
- A negative inventory turnover ratio may indicate inventory management issues, overstocking, or declining sales.

2. Receivables Turnover Ratio:
- There is no data available for the receivables turnover ratio. Typically, this ratio measures how efficiently a company collects its outstanding receivables.

3. Payables Turnover Ratio:
- Data is unavailable for the payables turnover ratio. This ratio is used to analyze how quickly a company pays its suppliers, providing insights into cash flow management.

4. Working Capital Turnover Ratio:
- The working capital turnover ratio for Cigna Corp varied significantly, from 2.99 to 84.16 over the reported periods.
- A high working capital turnover ratio indicates the efficient utilization of working capital to generate revenue.

Overall, the analysis suggests that Cigna Corp has experienced fluctuations in its activity ratios over the reported periods, reflecting potential shifts in inventory management, working capital efficiency, and possibly cash flow dynamics. Further investigation and comparison with industry benchmarks could provide a more comprehensive evaluation of the company's operational efficiency.

Average number of days

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Days of inventory on hand (DOH)	days	—	49.13	50.81	46.07	56.78	27.22	28.39	26.87	30.90	—	—	—	—	—	—	—	—	—	—	—
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

The activity ratios for Cigna Corp provide insights into how efficiently the company manages its working capital and operating cycle.

1. Days of Inventory on Hand:
- The days of inventory on hand show the average number of days it takes for the company to sell its inventory.
- The trend for Cigna Corp's inventory days indicates fluctuation over the analyzed periods, ranging from 26.87 days to 56.78 days.
- A decreasing trend is observed from March 2023 to September 2024, which suggests improved inventory management efficiency during this period.

2. Days of Sales Outstanding:
- The days of sales outstanding represent the average number of days it takes for the company to collect revenue after making a sale.
- The data provided do not specify values for the days of sales outstanding for Cigna Corp, indicating that the information is not available for analysis.

3. Number of Days of Payables:
- The number of days of payables ratio shows the average number of days it takes for the company to pay its suppliers.
- The data for Cigna Corp do not include specific values for the number of days of payables, suggesting that information on the company's payment cycle is not provided in the dataset.

In conclusion, while the information on the number of days of inventory on hand offers some insights into Cigna Corp's inventory management efficiency, the lack of data on days of sales outstanding and number of days of payables limits the comprehensive analysis of the company's overall activity ratios.

Long-term

	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Fixed asset turnover	—	—	—	—	—	48.38	47.89	47.64	43.39	43.49	43.66	42.99	47.21	37.13	36.42	35.10	38.18	33.17	32.22	31.91
Total asset turnover	1.57	1.46	1.43	1.38	1.32	1.27	1.24	1.24	1.25	1.25	1.17	1.16	1.13	1.10	1.08	1.07	1.03	0.98	0.97	1.00

The Fixed Asset Turnover ratio of Cigna Corp has shown a consistent increasing trend from March 31, 2020, to December 31, 2023, indicating that the company has been utilizing its fixed assets more efficiently to generate revenue over the years. The ratio increased from 31.91 in March 2020 to 47.64 in March 2023, demonstrating a significant improvement in the company's ability to generate sales relative to its investment in fixed assets.

On the other hand, the Total Asset Turnover ratio fluctuated slightly but generally increased over the same period. The ratio indicates the efficiency with which the company generates revenue from all of its assets. Cigna Corp's Total Asset Turnover ratio rose from 1.00 in March 2020 to 1.57 in December 2024, showing that the company has been able to generate higher sales revenue relative to its total assets.

Overall, the upward trends in both the Fixed Asset Turnover and Total Asset Turnover ratios suggest that Cigna Corp has been efficiently utilizing its assets to generate revenue, which is a positive sign for the company's long-term operational efficiency and financial performance.