UnitedHealth Group Incorporated (UNH)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $97,370,000K ÷ $—K
= —
To calculate the payables turnover ratio for UnitedHealth Group Inc, we would need the accounts payable figures for each year along with cost of goods sold or total purchases. The payables turnover ratio helps in assessing how efficiently a company is managing its outstanding payments to suppliers.
Without the specific data on accounts payable and cost of goods sold, it is not possible to calculate the payables turnover ratio for UnitedHealth Group Inc. The payables turnover ratio is typically calculated by dividing total purchases or cost of goods sold by the average accounts payable balance for a specific period.
Therefore, further information is required to analyze the payables turnover ratio trends for UnitedHealth Group Inc over the years.
Peer comparison
Dec 31, 2023