Elevance Health Inc (ELV)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	288,250,000	265,322,000	233,516,000	204,175,000	179,950,000
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $288,250,000K ÷ $—K
= —

To calculate the payables turnover for Elevance Health Inc, we first need to determine the average accounts payable for each year. This can be done by adding the accounts payable balance at the beginning of the year to the accounts payable balance at the end of the year and then dividing by 2.

Next, we calculate the cost of goods sold (COGS) for each year, which can be found in the income statement. The payables turnover ratio is calculated by dividing the COGS by the average accounts payable.

By analyzing the payables turnover ratio over the years provided, we can assess Elevance Health Inc's efficiency in paying off its suppliers. A higher payables turnover ratio generally indicates that the company is managing its payables effectively and paying its suppliers in a timely manner.

Additionally, a declining payables turnover ratio over the years could indicate that the company is taking longer to pay its suppliers, which might have implications for its relationships with suppliers and its working capital management.

Without the specific data for the payables turnover ratio, a detailed analysis of Elevance Health Inc's payables turnover trend and its implications for the company's financial health cannot be provided.