Cigna (LIM:CI) Gross-Profit-to-Asset % : 144.94% (As of Mar. 2024)

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What is Cigna Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Cigna's annualized Gross Profit for the quarter that ended in Mar. 2024 was $221,676 Mil. Cigna's average Total Assets over the quarter that ended in Mar. 2024 was $152,940 Mil. Therefore, Cigna's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 144.94%.

Cigna Gross-Profit-to-Asset % Historical Data

The historical data trend for Cigna's Gross-Profit-to-Asset % 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.

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Cigna Gross-Profit-to-Asset % Chart

Cigna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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99.51

103.17

112.31

120.51

131.60

Cigna Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															127.35	130.49	130.90	135.12	144.94

Competitive Comparison of Cigna's Gross-Profit-to-Asset %

For the Healthcare Plans subindustry, Cigna's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cigna's Gross-Profit-to-Asset % Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Cigna's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Cigna's Gross-Profit-to-Asset % falls into.

Cigna Gross-Profit-to-Asset % Calculation

Cigna's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	195187	/	( (143885	+	152761)	/ 2 )
	=	195187	/	148323
	=	131.60 %

Cigna's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	221676	/	( (152761	+	153119)	/ 2 )
	=	221676	/	152940
	=	144.94 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Cigna Gross-Profit-to-Asset % Related Terms

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Cigna (LIM:CI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Cigna Corp (LIM:CI) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

CI:USA CI:Mexico CGN:Germany C1IC34:Brazil CIGN:Austria

Address

900 Cottage Grove Road, Bloomfield, CT, USA, 06002

Website

https://www.cigna.com

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.