Centene Corp (CNC)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 153,999,000 | 150,100,000 | 147,923,000 | 146,251,000 | 144,547,000 | 141,554,000 | 138,095,000 | 133,184,000 | 125,982,000 | 121,702,000 | 118,386,000 | 115,073,000 | 111,115,000 | 101,690,000 | 91,576,000 | 82,220,000 | 74,639,000 | 72,335,000 | 69,541,000 | 65,366,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $153,999,000K ÷ $—K
= —
The receivables turnover for Centene Corp. has fluctuated over the past eight quarters. The trend shows a moderate increase from Q1 2022 to Q2 2023, followed by a slight decrease in Q3 and Q4 2023. Overall, the company appears to have a healthy receivables turnover ratio, indicating that it efficiently collects payments from customers. However, the recent fluctuations may warrant further investigation to assess any underlying factors impacting the trend.
Peer comparison
Dec 31, 2023
Company name
Symbol
Receivables turnover
Centene Corp
CNC
—
Cigna Corp
CI
11.02
Elevance Health Inc
ELV
—
Humana Inc
HUM
52.27
Molina Healthcare Inc
MOH
10.98
UnitedHealth Group Incorporated
UNH
9.54