Cigna Corp (CI)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 56.90 | 54.14 | 40.48 | 35.32 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 56.90 | 54.14 | 40.48 | 35.32 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Cigna Corp has shown an increasing trend over the years, indicating a potential slowdown in the company's cash flow efficiency. From 35.32 days in December 2020, the cycle has gradually extended to 56.90 days by December 2023, suggesting a longer period for the company to convert its resources into cash.
However, the sudden drop to 0.00 days by December 2024 seems unusual and may raise questions about the accuracy of the data or potential anomalies. It could be due to a one-time event or a change in accounting methodology.
Overall, closely monitoring the cash conversion cycle is essential for assessing the company's liquidity management and operational efficiency. The increasing trend observed until December 2023 signifies a potential need for further analysis to identify any underlying reasons for the prolonged cycle duration.
Peer comparison
Dec 31, 2024