Humana Inc (HUM)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	106,374,000	92,870,000	83,064,000	77,155,000	64,888,000
Receivables	US$ in thousands	2,035,000	1,674,000	1,814,000	1,138,000	1,056,000
Receivables turnover		52.27	55.48	45.79	67.80	61.45

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $106,374,000K ÷ $2,035,000K
= 52.27

The receivables turnover ratio for Humana Inc. has fluctuated over the past five years, indicating changes in how efficiently the company is collecting its accounts receivable.

In 2023, the receivables turnover ratio was 52.27, which means the company collected its accounts receivable approximately 52.27 times during the year. This represents a decrease from the previous year's ratio of 55.48. Despite the decrease, the 2023 ratio still indicates a relatively efficient collection of receivables.

Comparing the 2023 ratio to the ratios in 2021, 2020, and 2019, we can observe variations in the efficiency of Humana Inc.'s receivables collection. The company experienced a peak in efficiency in 2020 with a ratio of 67.80, followed by a drop in 2021 to 45.79 before recovering slightly in 2022 and 2023.

Overall, the trend in Humana Inc.'s receivables turnover suggests some fluctuations in the company's ability to collect outstanding receivables promptly. It would be essential for the company to monitor and analyze the causes of these fluctuations to ensure efficient cash flow management and maintain healthy financial operations.