Humana Inc (HUM)

Payables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	14,222,000	12,996,000	10,182,000	10,126,000	5,736,000
Payables	US$ in thousands	—	—	—	—	—
Payables turnover		—	—	—	—	—

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $14,222,000K ÷ $—K
= —

To calculate Humana Inc.'s payables turnover ratio, we need data on the cost of goods sold and accounts payable for each year. Without this information, we are unable to compute the payables turnover ratio for any of the years provided. The payables turnover ratio is a liquidity metric that measures how efficiently a company manages its accounts payable by paying off suppliers. A higher payables turnover ratio generally indicates better liquidity and efficiency in managing payables. Monitoring this ratio over time can provide insights into changes in payment practices and supplier relationships.