Elevance Health Inc (ELV)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	287,804,000	283,701,000	279,143,000	271,627,000	265,322,000	259,304,000	252,590,000	243,583,000	233,516,000	226,271,000	219,687,000	209,094,000	204,204,000	196,153,000	188,220,000	186,959,000	179,950,000	174,007,000	168,261,000	163,041,200
Inventory	US$ in thousands	-54,005,000	-35,694,000	-7,431,000	-12,924,000	-11,381,000	-41,375,000	-47,199,000	-40,423,000	-46,242,000	-37,315,000	-31,682,000	-30,666,000	-34,391,000	-28,050,000	-27,474,000	-25,667,000	-30,242,000	-24,843,000	-24,184,000	-22,864,000
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $287,804,000K ÷ $-54,005,000K
= —

To analyze Elevance Health Inc's inventory turnover, we will need the cost of goods sold (COGS) and average inventory for each quarter. Unfortunately, the table provided does not include data on either the COGS or the average inventory levels for the company. Without this information, we are unable to calculate the inventory turnover ratio.

Inventory turnover is a key financial ratio that measures how efficiently a company is managing its inventory by showing how many times the inventory is being sold and replaced over a specific period. A higher inventory turnover ratio generally indicates that a company is selling its inventory quickly and efficiently.

To conduct a detailed analysis of Elevance Health Inc's inventory turnover, we would need to obtain the necessary financial data to calculate the ratio and provide insights into the company's inventory management efficiency.