Centene Corp (CNC)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 43.63 | 48.31 | 27.79 | 27.46 | 38.12 | 32.96 | 41.55 | 67.96 | 86.87 | 72.78 | 41.59 | 93.46 | 46.11 | 40.38 | 64.98 | 53.25 | 61.46 | 18.56 | 18.67 | 27.00 |
Centene Corp's activity ratios provide insights into how efficiently the company is managing its operations. Let's analyze the activity ratios provided:
1. Inventory Turnover: The information for this ratio is not available for the given periods, so it is difficult to assess how effectively Centene is managing its inventory levels.
2. Receivables Turnover: Similar to inventory turnover, data on receivables turnover is not provided, making it challenging to evaluate how quickly the company is collecting on its credit sales.
3. Payables Turnover: Unfortunately, the payables turnover ratio data is not included, which would have helped in understanding how long it takes Centene to pay its suppliers.
4. Working Capital Turnover: This ratio indicates how efficiently Centene is using its working capital to generate sales. The working capital turnover ratio has shown fluctuation over the periods provided, with values ranging from 18.56 to 93.46. A higher ratio suggests that Centene is effectively utilizing its working capital to generate revenue. A downward trend in this ratio may indicate potential inefficiencies in working capital management.
In conclusion, without data on inventory turnover, receivables turnover, and payables turnover, a comprehensive analysis of Centene Corp's activity ratios is limited. However, the working capital turnover ratio fluctuations provide some insights into the company's operational efficiency over the periods analyzed.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, we can see that Centene Corp's activity ratios, specifically the Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables, are not available for the periods from March 2020 to December 2024.
Without specific values for these ratios, it is challenging to assess Centene Corp's efficiency in managing its inventory, collecting receivables, and paying its suppliers. These ratios are crucial for understanding how effectively the company is operating and managing its working capital.
In the absence of this information, it is recommended to obtain the actual values for these activity ratios to perform a more in-depth analysis of Centene Corp's operational efficiency and financial performance.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 61.67 | 61.23 | 59.02 | 59.44 | 57.10 | 54.01 | 37.17 | 37.15 | 17.54 | 28.13 | 27.66 | 40.06 | 27.07 | 36.00 | 33.71 |
| Total asset turnover | 1.98 | 1.96 | 1.90 | 1.88 | 1.82 | 1.78 | 1.79 | 1.76 | 1.88 | 1.74 | 1.70 | 1.61 | 1.61 | 1.57 | 1.65 | 1.64 | 1.62 | 1.49 | 1.34 | 1.24 |
To analyze Centene Corp's long-term activity ratios, we will focus on two key ratios: the Fixed Asset Turnover ratio and the Total Asset Turnover ratio.
1. Fixed Asset Turnover:
- The Fixed Asset Turnover ratio measures how efficiently a company generates revenue from its fixed assets. A higher ratio indicates better utilization of fixed assets.
- Centene Corp's Fixed Asset Turnover ratio has shown fluctuations over the years, ranging from a low of 17.54 in September 2021 to a high of 61.67 in September 2023.
- The increasing trend from 2021 to 2023, where the ratio more than tripled, suggests improved efficiency in generating revenue from fixed assets. This could be driven by better asset management or increased productivity.
- However, the ratio has remained at an elevated level above 50 in the recent periods, indicating that Centene Corp is generating significant revenue relative to its fixed assets.
2. Total Asset Turnover:
- The Total Asset Turnover ratio measures how effectively a company utilizes its total assets to generate revenue. A higher ratio reflects efficient asset utilization.
- Centene Corp's Total Asset Turnover ratio has generally increased over the years, from 1.24 in March 2020 to 1.98 in December 2024.
- The progressive increase in the ratio signifies that Centene Corp has been successful in generating more revenue per dollar of total assets. This improvement indicates enhanced operational efficiency and effective management of assets.
- The consistent upward trend in the Total Asset Turnover ratio indicates a positive trajectory for Centene Corp's asset utilization and revenue generation capabilities.
In summary, Centene Corp has exhibited significant improvements in both Fixed Asset Turnover and Total Asset Turnover ratios over the years, reflecting enhanced efficiency in utilizing fixed and total assets to generate revenue. These trends suggest a positive outlook for Centene Corp's long-term activity and performance.