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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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