Centene Corp (CNC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 163,071,000 | 153,999,000 | 144,547,000 | 125,982,000 | 111,115,000 |
| Property, plant and equipment | US$ in thousands | — | — | 2,432,000 | 3,391,000 | 2,774,000 |
| Fixed asset turnover | — | — | 59.44 | 37.15 | 40.06 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $163,071,000K ÷ $—K
= —
The fixed asset turnover ratio for Centene Corp has shown varying trends over the years. In 2020, the ratio was 40.06, indicating that the company generated $40.06 in sales for every dollar invested in fixed assets. However, in 2021, the ratio decreased to 37.15, suggesting a slight decrease in efficiency in generating sales from fixed assets.
The year 2022 saw a significant improvement in the fixed asset turnover ratio, rising to 59.44. This sharp increase indicates that Centene Corp was able to generate more sales relative to its investment in fixed assets during that period. However, the data for 2023 and 2024 is not available (marked as "—"), making it difficult to assess the trend for those years.
Overall, analyzing the fixed asset turnover ratio provides insights into how efficiently Centene Corp is utilizing its fixed assets to generate sales. It is essential for the company to maintain or improve this ratio over time to ensure optimal utilization of its resources and maximize profitability.
Peer comparison
Dec 31, 2024