Elevance Health Inc (ELV)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 171,340,000 | 156,595,000 | 138,639,000 | 121,867,000 | 104,213,000 |
| Receivables | US$ in thousands | -941,000 | -744,000 | -648,000 | -374,000 | 93,000 |
| Receivables turnover | — | — | — | — | 1,120.57 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $171,340,000K ÷ $-941,000K
= —
The receivables turnover ratio for Elevance Health Inc has been relatively consistent over the past five years, ranging from 9.53 to 11.02. This ratio indicates how efficiently the company is collecting its accounts receivable during each period. A higher turnover ratio implies that the company is collecting its outstanding receivables more quickly.
Elevance Health's receivables turnover decreased slightly in 2023 compared to the previous year, but it still remains within a favorable range. This may suggest that the company has been maintaining effective credit policies and collection procedures. Overall, Elevance Health has shown a consistent ability to convert its accounts receivable into cash over the years, reflecting a solid management of its receivables and liquidity position.
Peer comparison
Dec 31, 2023