Cigna Corp (CI)

Working capital 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
Total current assets US$ in thousands 37,351,000 34,518,000 34,711,000 32,027,000 30,122,000 30,170,000 37,422,000 35,393,000 36,134,000 25,487,000 25,011,000 25,554,000 27,799,000 34,557,000 34,880,000 30,877,000 29,845,000 21,168,000 20,709,000 21,136,000
Total current liabilities US$ in thousands 48,716,000 47,059,000 47,345,000 44,727,000 41,225,000 41,115,000 45,218,000 43,662,000 43,572,000 36,340,000 34,711,000 33,470,000 36,022,000 43,886,000 42,179,000 40,380,000 40,138,000 34,447,000 31,867,000 32,969,000
Working capital turnover

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $195,265,000K ÷ ($37,351,000K – $48,716,000K)
= —

Based on the data provided in the table, the working capital turnover ratio for Cigna Group (The) fluctuated significantly over the fourth quarter of 2022 and throughout 2023. The working capital turnover ratio increased from 16.73 in Q3 2023 to 29.50 in Q4 2023, indicating a higher efficiency in utilizing its working capital to generate revenue.

It is notable that no data is available for working capital turnover in the earlier quarters of 2023 and in the entirety of 2022. This limited data availability makes it challenging to assess the overall trend in the efficiency of Cigna Group (The) in managing its working capital for these periods.

Overall, the significant increase in the working capital turnover ratio from Q3 2023 to Q4 2023 suggests an improvement in the company's ability to generate revenue relative to its investment in working capital during the fourth quarter of 2023. However, further data and analysis would be necessary to provide a more comprehensive assessment of the company's working capital management efficiency over a longer period.


Peer comparison

Dec 31, 2023


See also:

Cigna Corp Working Capital Turnover (Quarterly Data)