Cigna Corp (CI)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 195,265,000 | 180,518,000 | 174,078,000 | 160,401,000 | 153,566,000 |
| Total current assets | US$ in thousands | 37,351,000 | 30,122,000 | 36,134,000 | 27,799,000 | 29,845,000 |
| Total current liabilities | US$ in thousands | 48,716,000 | 41,225,000 | 43,572,000 | 36,022,000 | 40,138,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $195,265,000K ÷ ($37,351,000K – $48,716,000K)
= —
The working capital turnover ratio for Cigna Group (The) in 2023 was 29.50. This ratio indicates that the company generated $29.50 in net sales for every $1 of working capital during the year. A high working capital turnover ratio suggests that the company efficiently utilizes its working capital to generate sales revenue. However, without historical data from previous years, it is challenging to analyze the trend of this ratio and assess whether the current ratio is an improvement or a decline from the past. It is also important to compare this ratio with industry benchmarks and peer companies to gain a better perspective on Cigna Group's efficiency in utilizing its working capital.
Peer comparison
Dec 31, 2023