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Microsoft Excel LibreOffice Calc

CVS Health Corp. (CVS)


Analysis of Short-term (Operating) Activity Ratios

Beginner level


Short-term Activity Ratios (Summary)

CVS Health Corp., short-term (operating) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Turnover Ratios
Inventory turnover hidden hidden hidden hidden hidden
Receivables turnover hidden hidden hidden hidden hidden
Payables turnover hidden hidden hidden hidden hidden
Working capital turnover hidden hidden hidden hidden hidden
Average No. Days
Average inventory processing period hidden hidden hidden hidden hidden
Add: Average receivable collection period hidden hidden hidden hidden hidden
Operating cycle hidden hidden hidden hidden hidden
Less: Average payables payment period hidden hidden hidden hidden hidden
Cash conversion cycle hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. CVS Health Corp.’s inventory turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Receivables turnover An activity ratio equal to revenue divided by receivables. CVS Health Corp.’s receivables turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. CVS Health Corp.’s payables turnover ratio decreased from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. CVS Health Corp.’s working capital turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. CVS Health Corp.’s number of days of receivables outstanding deteriorated from 2016 to 2017 and from 2017 to 2018.
Operating cycle Equal to average inventory processing period plus average receivables collection period. CVS Health Corp.’s operating cycle deteriorated from 2016 to 2017 and from 2017 to 2018.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

CVS Health Corp., inventory turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Cost of revenues hidden hidden hidden hidden hidden
Inventories hidden hidden hidden hidden hidden
Short-term Activity Ratio
Inventory turnover1 hidden hidden hidden hidden hidden
Benchmarks
Inventory Turnover, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Inventory Turnover, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Inventory Turnover, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Inventory turnover = Cost of revenues ÷ Inventories
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. CVS Health Corp.’s inventory turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Receivables Turnover

CVS Health Corp., receivables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Revenues from customers hidden hidden hidden hidden hidden
Accounts receivable, net hidden hidden hidden hidden hidden
Short-term Activity Ratio
Receivables turnover1 hidden hidden hidden hidden hidden
Benchmarks
Receivables Turnover, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Receivables Turnover, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Receivables Turnover, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Receivables turnover = Revenues from customers ÷ Accounts receivable, net
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. CVS Health Corp.’s receivables turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Payables Turnover

CVS Health Corp., payables turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Cost of revenues hidden hidden hidden hidden hidden
Accounts payable hidden hidden hidden hidden hidden
Short-term Activity Ratio
Payables turnover1 hidden hidden hidden hidden hidden
Benchmarks
Payables Turnover, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Payables Turnover, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Payables Turnover, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Payables turnover = Cost of revenues ÷ Accounts payable
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. CVS Health Corp.’s payables turnover ratio decreased from 2016 to 2017 but then increased from 2017 to 2018 not reaching 2016 level.

Working Capital Turnover

CVS Health Corp., working capital turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Current assets hidden hidden hidden hidden hidden
Less: Current liabilities hidden hidden hidden hidden hidden
Working capital hidden hidden hidden hidden hidden
 
Revenues from customers hidden hidden hidden hidden hidden
Short-term Activity Ratio
Working capital turnover1 hidden hidden hidden hidden hidden
Benchmarks
Working Capital Turnover, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Working Capital Turnover, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Working Capital Turnover, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Working capital turnover = Revenues from customers ÷ Working capital
= hidden ÷ hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. CVS Health Corp.’s working capital turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Average Inventory Processing Period

CVS Health Corp., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data
Inventory turnover hidden hidden hidden hidden hidden
Short-term Activity Ratio (no. days)
Average inventory processing period1 hidden hidden hidden hidden hidden
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Average Inventory Processing Period, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Average Inventory Processing Period, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Average Receivable Collection Period

CVS Health Corp., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data
Receivables turnover hidden hidden hidden hidden hidden
Short-term Activity Ratio (no. days)
Average receivable collection period1 hidden hidden hidden hidden hidden
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Average Receivable Collection Period, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Average Receivable Collection Period, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. CVS Health Corp.’s number of days of receivables outstanding deteriorated from 2016 to 2017 and from 2017 to 2018.

Operating Cycle

CVS Health Corp., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data
Average inventory processing period hidden hidden hidden hidden hidden
Average receivable collection period hidden hidden hidden hidden hidden
Short-term Activity Ratio
Operating cycle1 hidden hidden hidden hidden hidden
Benchmarks
Operating Cycle, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Operating Cycle, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Operating Cycle, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= hidden + hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. CVS Health Corp.’s operating cycle deteriorated from 2016 to 2017 and from 2017 to 2018.

Average Payables Payment Period

CVS Health Corp., average payables payment period calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data
Payables turnover hidden hidden hidden hidden hidden
Short-term Activity Ratio (no. days)
Average payables payment period1 hidden hidden hidden hidden hidden
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Average Payables Payment Period, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Average Payables Payment Period, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ hidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Cash Conversion Cycle

CVS Health Corp., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data
Average inventory processing period hidden hidden hidden hidden hidden
Average receivable collection period hidden hidden hidden hidden hidden
Average payables payment period hidden hidden hidden hidden hidden
Short-term Activity Ratio
Cash conversion cycle1 hidden hidden hidden hidden hidden
Benchmarks
Cash Conversion Cycle, Competitors2
Walgreens Boots Alliance Inc. hidden hidden hidden hidden hidden
Cash Conversion Cycle, Sector
Food & Drug Retailers hidden hidden hidden hidden hidden
Cash Conversion Cycle, Industry
Consumer Services hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-28), 10-K (filing date: 2018-02-14), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

1 2018 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= hidden + hiddenhidden = hidden

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.