Centene Corp (CNC)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	136,362,000	127,629,000	16,765,000	14,501,000	9,912,000
Inventory	US$ in thousands	-35,184,000	—	—	—	—
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $136,362,000K ÷ $-35,184,000K
= —

To calculate Centene Corp.'s inventory turnover for each year, we need two key pieces of information: the cost of goods sold (COGS) and the average inventory value. Unfortunately, without this specific data, I am unable to provide the inventory turnover ratios for the years listed.

Inventory turnover measures how efficiently a company manages its inventory by comparing the cost of goods sold to the average inventory level. A higher inventory turnover ratio indicates that the company is selling its inventory more quickly, reducing the risk of obsolete inventory and potentially increasing cash flow.

In the absence of the necessary figures, I recommend obtaining the COGS and average inventory values for the respective years to calculate Centene Corp.'s inventory turnover and gain more insight into its inventory management efficiency.