UnitedHealth Group Incorporated (UNH)

Receivables turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	371,622,000	359,982,000	348,515,000	335,944,000	324,162,000	315,118,000	306,561,000	297,550,000	287,597,000	279,321,000	272,099,000	262,916,000	257,141,000	252,575,000	247,811,000	246,268,000	242,155,000	239,671,000	235,876,000	231,367,000
Receivables	US$ in thousands	38,970,000	38,425,000	34,083,000	37,110,000	30,450,000	30,731,000	31,157,000	30,865,000	28,082,000	28,232,000	27,217,000	27,526,000	25,404,000	25,402,000	23,976,000	24,888,000	21,462,000	21,116,000	18,175,000	20,457,000
Receivables turnover		9.54	9.37	10.23	9.05	10.65	10.25	9.84	9.64	10.24	9.89	10.00	9.55	10.12	9.94	10.34	9.90	11.28	11.35	12.98	11.31

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $371,622,000K ÷ $38,970,000K
= 9.54

Receivables turnover measures the efficiency of Unitedhealth Group Inc in collecting outstanding receivables from its customers during a specific period. A higher receivables turnover indicates that the company is collecting payments from customers more quickly.

Based on the data provided, the receivables turnover for Unitedhealth Group Inc has shown some fluctuations over the past eight quarters. The turnover ratio ranged from a low of 9.05 in Q1 2023 to a high of 10.65 in Q4 2022.

On average, the company collected its outstanding receivables approximately 9 to 10 times per year. This suggests that Unitedhealth Group Inc manages its accounts receivable efficiently, with a consistent track record of converting credit sales into cash.

The overall trend indicates that the company's collection efforts have been relatively stable, with minor fluctuations in the receivables turnover ratio. It is crucial for Unitedhealth Group Inc to continue monitoring and managing its receivables effectively to ensure a healthy cash flow and financial stability.