UnitedHealth Group Incorporated (UNH)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 97,370,000 | 84,885,000 | 76,716,000 | 75,340,000 | 66,030,000 |
| Inventory | US$ in thousands | 2,800,000 | 3,500,000 | 2,900,000 | — | — |
| Inventory turnover | 34.78 | 24.25 | 26.45 | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $97,370,000K ÷ $2,800,000K
= 34.78
To calculate Unitedhealth Group Inc's inventory turnover, we need the cost of goods sold (COGS) and the average inventory for each respective year. Since the specific data required to compute the inventory turnover ratio is not provided in the table, it is not possible to determine the exact inventory turnover for the years 2019 to 2023.
Inventory turnover is a critical financial metric that indicates how many times a company sells and replaces its inventory over a period. A higher inventory turnover generally signifies efficient inventory management, as goods are sold quickly, reducing carrying costs and potentially indicating strong sales.
Without the necessary data on COGS and average inventory levels, a detailed analysis of Unitedhealth Group Inc's inventory turnover performance over the years is not feasible. It would be advisable to seek additional financial information to compute the inventory turnover ratio accurately and assess the company's efficiency in managing its inventory.
Peer comparison
Dec 31, 2023