Centene Corp (CNC)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The cash conversion cycle of Centene Corp. has displayed some fluctuations over the past eight quarters. The cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From Q1 2022 to Q2 2023, Centene Corp.'s cash conversion cycle varied between 33.56 days to 44.31 days. A lower cash conversion cycle indicates that the company is able to quickly sell its inventory, collect payments from customers, and pay off its suppliers. Conversely, a higher cash conversion cycle suggests that the company may be facing challenges in efficiently managing its working capital.
The company's cash conversion cycle was at the lowest in Q4 2022 at 33.51 days, indicating a more efficient management of working capital during that period. However, the cycle increased in Q1 2023 and Q3 2023, possibly due to factors such as slower inventory turnover or longer collection periods.
Overall, fluctuations in Centene Corp.'s cash conversion cycle over the past eight quarters suggest varying efficiency in managing its working capital. Analyzing the components of the cycle, such as inventory turnover, accounts receivable collection period, and accounts payable period, can provide further insights into the company's liquidity and operational efficiency.
Peer comparison
Dec 31, 2023