Centene Corp (CNC)

Payables turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cost of revenue (ttm) US$ in thousands 141,654,000 140,752,000 133,099,000 127,916,000 126,469,000 126,588,000 128,146,000 129,374,000 127,891,000 125,111,000 121,968,000 118,248,000 111,783,000 107,833,000 104,265,000 99,396,000 95,899,000 87,704,000 79,369,000 72,581,000
Payables US$ in thousands — — — — — — — — — — — — — — — — — — — —
Payables turnover — — — — — — — — — — — — — — — — — — — —

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $141,654,000K ÷ $—K
= —

The payables turnover ratio for Centene Corp is not provided in the dataset for the periods from March 31, 2020, to December 31, 2024. The payables turnover ratio measures how efficiently a company manages its payable accounts by evaluating how many times a company pays off its average accounts payable balance during a period.

Without the specific data points to calculate the payables turnover ratio, we are unable to assess Centene Corp's ability to efficiently manage its accounts payable and its liquidity position. Typically, a high payables turnover can indicate strong creditor relationships and efficient use of credit terms, while a low turnover may signal potential liquidity issues or inefficient payment practices.

It is recommended to seek additional financial information or updated data to perform a detailed analysis of Centene Corp's payables turnover ratio and its implications for the company's financial health and operational efficiency.