UnitedHealth Group Incorporated (UNH)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 371,622,000 | 324,162,000 | 287,597,000 | 257,141,000 | 242,155,000 |
| Receivables | US$ in thousands | 38,970,000 | 30,450,000 | 28,082,000 | 25,404,000 | 21,462,000 |
| Receivables turnover | 9.54 | 10.65 | 10.24 | 10.12 | 11.28 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $371,622,000K ÷ $38,970,000K
= 9.54
Unitedhealth Group Inc's receivables turnover has shown a decreasing trend over the past five years. The ratio was 9.54 in 2023, compared to 10.65 in 2022, 10.24 in 2021, 10.12 in 2020, and 11.28 in 2019. This indicates that the company took longer to collect its accounts receivable in 2023 compared to previous years. A declining receivables turnover may suggest potential issues with the company's credit policies, collection process efficiency, or changes in customer payment behaviors. Further investigation into Unitedhealth Group Inc's receivables management practices and working capital strategies may be warranted to address and improve this trend.
Peer comparison
Dec 31, 2023