CVS Health Corp (CVS)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 357,776,000 | 322,467,000 | 292,111,000 | 268,706,000 | 256,776,000 |
| Total current assets | US$ in thousands | 67,858,000 | 65,633,000 | 60,008,000 | 56,369,000 | 50,302,000 |
| Total current liabilities | US$ in thousands | 79,189,000 | 69,421,000 | 67,807,000 | 62,017,000 | 53,303,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $357,776,000K ÷ ($67,858,000K – $79,189,000K)
= —
To calculate the working capital turnover for CVS Health Corp, we would need the values for the net sales and average working capital for each of the years provided. Working capital turnover is calculated by dividing net sales by average working capital, where average working capital is typically calculated as (Beginning Working Capital + Ending Working Capital) / 2.
Without the specific figures for net sales and working capital for the years 2019 to 2023, we are unable to calculate the working capital turnover ratio for CVS Health Corp. This ratio is crucial in assessing how efficiently the company utilizes its working capital to generate revenue. A higher turnover ratio indicates that the company is able to generate more revenue per dollar of working capital employed, reflecting better efficiency in managing its working capital.
For a more comprehensive analysis, it would be beneficial to obtain the specific financial figures from the company's financial statements to assess the trend of the working capital turnover over the years and compare it with industry benchmarks to evaluate the company's operational efficiency and liquidity management.
Peer comparison
Dec 31, 2023