Centene Corp (CNC)
Cash conversion cycle
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
Centene Corp.'s cash conversion cycle has shown a gradual increase over the past five years. The company's cash conversion cycle was 36.81 days at the end of 2023, compared to 33.51 days in 2022, 35.46 days in 2021, 31.85 days in 2020, and 30.55 days in 2019.
The cash conversion cycle measures how long it takes for a company to convert its investments in inventory and other resources into cash flows from sales. A longer cash conversion cycle may indicate inefficiencies in managing working capital, such as slow inventory turnover or delays in collecting receivables.
Centene Corp.'s increasing cash conversion cycle suggests that the company may be taking longer to convert its investments into cash, which could impact its liquidity and working capital management. It is important for the company to closely monitor and improve its cash conversion cycle to ensure efficient operations and healthy cash flow management.
Peer comparison
Dec 31, 2023