Elevance Health Inc (ELV)

Working capital turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	176,810,000	174,015,000	171,719,000	171,745,000	171,340,000	167,687,000	164,777,000	159,737,000	155,660,000	151,551,000	147,434,000	142,653,000	136,943,000	133,882,000	129,218,000	124,631,000	121,867,000	117,450,000	112,966,000	109,168,000
Total current assets	US$ in thousands	52,560,000	55,219,000	54,615,000	54,049,000	54,005,000	55,662,000	54,535,000	54,488,000	49,383,000	48,604,000	46,422,000	47,042,000	44,587,000	44,645,000	43,791,000	46,172,000	40,132,000	38,228,000	39,034,000	36,551,000
Total current liabilities	US$ in thousands	26,195,000	25,854,000	25,570,000	28,066,000	26,297,000	27,290,000	25,921,000	25,260,000	24,080,000	26,421,000	24,371,000	24,788,000	21,515,000	21,500,000	20,779,000	19,515,000	18,811,000	18,512,000	17,684,000	18,585,000
Working capital turnover		6.71	5.93	5.91	6.61	6.18	5.91	5.76	5.47	6.15	6.83	6.69	6.41	5.94	5.78	5.62	4.68	5.72	5.96	5.29	6.08

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $176,810,000K ÷ ($52,560,000K – $26,195,000K)
= 6.71

The working capital turnover of Elevance Health Inc has shown some fluctuations over the past few years, ranging from a low of 4.68 in March 31, 2021, to a high of 6.83 in September 30, 2022. This ratio indicates the efficiency with which the company is utilizing its working capital to generate sales revenue. A higher turnover ratio suggests that the company is effectively managing its working capital and generating sales from a relatively lower investment in working capital.

Overall, Elevance Health Inc's working capital turnover has been relatively stable, hovering around an average of 6.0, indicating that the company is efficiently utilizing its working capital to support its operations and generate sales. It is important for the company to continue monitoring and managing its working capital effectively to ensure sustained operational efficiency and financial performance.