Elevance Health Inc (ELV)

Working capital 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
Revenue (ttm)	US$ in thousands	171,340,000	168,622,000	165,712,000	160,672,000	156,595,000	153,247,000	149,130,000	144,349,000	138,639,000	133,882,000	129,218,000	124,631,000	121,867,000	117,450,000	112,966,000	109,168,000	104,213,000	100,179,000	96,756,000	94,234,000
Total current assets	US$ in thousands	60,029,000	61,185,000	59,743,000	59,823,000	55,617,000	55,603,000	53,655,000	53,897,000	51,122,000	51,904,000	50,238,000	54,495,000	45,751,000	45,450,000	46,764,000	41,256,000	39,033,000	39,504,000	37,805,000	36,611,000
Total current liabilities	US$ in thousands	41,791,000	43,337,000	41,571,000	41,889,000	39,696,000	41,287,000	39,308,000	39,733,000	34,885,000	35,162,000	33,794,000	34,749,000	29,453,000	28,561,000	28,522,000	27,039,000	23,532,000	23,234,000	23,090,000	22,682,000
Working capital turnover		9.39	9.45	9.12	8.96	9.84	10.70	10.39	10.19	8.54	8.00	7.86	6.31	7.48	6.95	6.19	7.68	6.72	6.16	6.58	6.77

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $171,340,000K ÷ ($60,029,000K – $41,791,000K)
= 9.39

Elevance Health Inc's working capital turnover has been relatively stable over the past eight quarters, ranging between 8.90 and 10.62. The company's working capital turnover ratio measures how efficiently the company generates revenue from its working capital. A higher ratio indicates that the company is effectively using its working capital to support sales and operations.

The trend in Elevance Health Inc's working capital turnover suggests that the company has been consistent in managing its working capital efficiently. The slight fluctuations in the ratio over the quarters may be attributed to changes in the company's operating cycle, sales growth, or management of its current assets and liabilities.

Overall, Elevance Health Inc's working capital turnover ratio has been healthy and indicates that the company is effectively utilizing its working capital to generate revenue. It is essential for the company to continue monitoring and managing its working capital to maintain its operational efficiency and financial stability.