Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Cigna Group's accounts receivables for the quarter that ended in Dec. 2023 was $23,407 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
The Cigna Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.82.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Cigna Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-274.31.
The Cigna Group Accounts Receivable Historical Data
The historical data trend for The Cigna Group's Accounts Receivable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
The Cigna Group Accounts Receivable Explanation
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
The Cigna Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), The Cigna Group's accounts receivable are only considered to be worth 75% of book value:
The Cigna Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
The Cigna Group Accounts Receivable Related Terms
Thank you for viewing the detailed overview of The Cigna Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
The Cigna Group (The Cigna Group) Business Description
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CI has been successfully added to your 