Elevance Health Inc (ELV)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 6.71 | 6.18 | 6.19 | 6.01 | 5.72 |
Based on the provided data for Elevance Health Inc, we can analyze the activity ratios as follows:
1. Inventory Turnover: Unfortunately, there is no data available for the inventory turnover ratio for the years 2020 to 2024. This ratio is typically used to assess how efficiently a company manages its inventory, and the lack of data makes it difficult to evaluate Elevance Health's performance in this area.
2. Receivables Turnover: Similar to the inventory turnover ratio, there is no information provided for the receivables turnover ratio for the years 2020 to 2024. This ratio helps in understanding how quickly a company collects its outstanding receivables, but the absence of data hinders our ability to gauge Elevance Health's effectiveness in managing its accounts receivable.
3. Payables Turnover: Unfortunately, the data for the payables turnover ratio is not available for the years 2020 to 2024. This ratio is significant as it indicates how many times a company pays off its accounts payable in a given period. Without this data, it is challenging to assess Elevance Health's payment practices to its suppliers.
4. Working Capital Turnover: The working capital turnover ratio has been provided for Elevance Health for the years 2020 to 2024. This ratio reflects how effectively the company is utilizing its working capital to generate sales. The increasing trend from 5.72 in 2020 to 6.71 in 2024 indicates an improvement in the efficiency of working capital utilization over the years.
In conclusion, while the lack of data for inventory turnover, receivables turnover, and payables turnover limits a comprehensive assessment of Elevance Health's activity ratios, the positive trend in the working capital turnover ratio suggests an enhanced efficiency in converting working capital into revenue from 2020 to 2024. Elevance Health may benefit from providing more detailed information on its inventory, receivables, and payables turnover ratios to facilitate a more thorough analysis of its operational efficiency.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for Elevance Health Inc's activity ratios, we observe that the Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables are all indicated as "— days" for the years 2020 through 2024. This means that specific figures for these activity ratios are not available in the dataset.
However, we can infer some general insights from this data. The lack of specific values for these ratios may suggest that the company's management of inventory, collection of receivables, and payment of payables may not have been closely monitored or reported in the dataset.
Without actual data points, it is challenging to provide a detailed analysis of Elevance Health Inc's activity ratios for the specified years. To gain a better understanding of the company's efficiency in managing its inventory, receivables, and payables, it would be necessary to obtain the specific numerical values for these ratios and compare them against industry benchmarks or historical trends for a more comprehensive assessment.
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Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 36.28 | 35.38 | 34.99 |
| Total asset turnover | 1.51 | 1.57 | 1.52 | 1.42 | 1.41 |
Elevance Health Inc's fixed asset turnover ratio has shown a consistent improvement over the past few years, increasing from 34.99 in 2020 to 36.28 in 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets each year. The fact that the fixed asset turnover ratios for 2023 and 2024 are not available suggests a potential change in the company's fixed asset base or revenue generation strategy during those years, warranting further investigation.
In terms of total asset turnover, Elevance Health Inc has also demonstrated an overall positive trend, with the ratio increasing from 1.41 in 2020 to 1.57 in 2023 before slightly decreasing to 1.51 in 2024. This indicates that the company is utilizing its total assets efficiently to generate sales revenue. The slight dip in 2024 may suggest a need for the company to reassess its asset utilization strategies in that particular year.
Overall, Elevance Health Inc's long-term activity ratios suggest efficient asset management and effective utilization of fixed assets to generate revenue. The company's ability to optimize its asset turnover rates is key to sustaining long-term growth and profitability.