Elevance Health Inc (ELV)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.33 | 0.33 | 1.12 | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.33 | 0.33 | 1.12 | 0.00 |
December 31, 2023 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of Elevance Health Inc has shown some fluctuations over the past eight quarters. The trend indicates that the company takes an average of 37.21 days to convert its investments in inventory and other resources into cash receipts from customers.
In the most recent quarter, Q4 2023, the cash conversion cycle increased slightly to 38.31 days compared to the previous quarter, Q3 2023. This suggests that Elevance Health Inc may be taking longer to convert its investments into cash.
Looking back over the past year, the cash conversion cycle has generally been in the range of 34-38 days, with some variation between quarters. The lowest cycle was observed in Q3 2022 at 34.11 days, while the highest was in Q4 2023 at 38.31 days.
Overall, the cash conversion cycle for Elevance Health Inc does not appear to have experienced any significant adverse trends or anomalies that would raise immediate concern. However, the management may want to closely monitor the cycle to ensure efficient management of working capital and cash flow.
Peer comparison
Dec 31, 2023