Humana Inc (HUM)
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 | 117,761,000 | 115,010,000 | 112,036,000 | 109,243,000 | 106,374,000 | 102,351,000 | 98,727,000 | 95,642,000 | 92,870,000 | 91,485,000 | 89,383,000 | 86,366,000 | 83,064,000 | 81,072,000 | 80,450,000 | 78,888,000 | 77,155,000 | 74,388,000 | 70,554,000 | 67,716,000 |
| Total current assets | US$ in thousands | 23,139,000 | 32,926,000 | 5,501,000 | 5,910,000 | 4,694,000 | 15,148,000 | 16,214,000 | 13,735,000 | 5,061,000 | 13,558,000 | 5,153,000 | 4,864,000 | 3,394,000 | 4,304,000 | 3,378,000 | 3,877,000 | 4,673,000 | 7,985,000 | 7,163,000 | 6,054,000 |
| Total current liabilities | US$ in thousands | 16,276,000 | 18,727,000 | 19,790,000 | 19,689,000 | 18,872,000 | 27,823,000 | 28,279,000 | 26,942,000 | 17,178,000 | 25,051,000 | 17,369,000 | 17,244,000 | 15,074,000 | 14,750,000 | 14,728,000 | 14,975,000 | 13,076,000 | 14,820,000 | 16,392,000 | 16,221,000 |
| Working capital turnover | 17.16 | 8.10 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $117,761,000K ÷ ($23,139,000K – $16,276,000K)
= 17.16
Working capital turnover is an efficiency ratio that measures how effectively a company is utilizing its working capital to generate revenue. A higher turnover indicates better efficiency in using its current assets to support sales.
Based on the provided data for Humana Inc, the working capital turnover ratio was not available from March 2020 to December 2023. However, as of September 30, 2024, the working capital turnover ratio was 8.10. By December 31, 2024, the ratio had significantly improved to 17.16.
This improvement in the working capital turnover ratio suggests that Humana Inc became more efficient in managing its working capital to support its revenue generation activities between September and December 2024. The company was able to generate a higher level of sales based on its working capital at the end of 2024 compared to previous periods, indicating better utilization of current assets to drive revenue.
Peer comparison
Dec 31, 2024