Cigna Corp (CI)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 195,265,000 | 189,902,000 | 186,135,000 | 183,027,000 | 180,516,000 | 180,453,000 | 179,460,000 | 177,113,000 | 174,078,000 | 170,102,000 | 166,769,000 | 162,903,000 | 160,401,000 | 156,934,000 | 154,535,000 | 154,089,000 | 153,566,000 | 129,621,000 | ||
| Receivables | US$ in thousands | 17,722,000 | 19,083,000 | 18,333,000 | 17,704,000 | 17,218,000 | 17,275,000 | 18,290,000 | 16,003,000 | 15,071,000 | 16,250,000 | 15,462,000 | 13,588,000 | 12,191,000 | 13,488,000 | 12,694,000 | 11,735,000 | 10,716,000 | 11,719,000 | 11,700,000 | 10,941,000 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $195,265,000K ÷ $17,722,000K
= 11.02
The receivables turnover for Cigna Group has shown some fluctuations over the past eight quarters. The receivables turnover ratio measures how efficiently a company is collecting on its credit sales during a specific period. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
In Q4 2023, the receivables turnover was 11.02, the highest value in the dataset. This suggests that Cigna Group was able to collect its accounts receivable more efficiently in that quarter compared to previous quarters.
On the other hand, in Q2 and Q3 2022, the receivables turnover dropped to 7.75 and 7.93 respectively, indicating a potential slowdown in receivables collection during those periods.
Overall, the trend in the receivables turnover ratio for Cigna Group has been relatively stable, with some fluctuations seen across the quarters. It is important for the company to monitor this ratio closely to ensure efficient management of its accounts receivable and maintain healthy cash flows.
Peer comparison
Dec 31, 2023