Centene Corp (CNC)
Total 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 |
| Total assets | US$ in thousands | 82,445,000 | 84,641,000 | 76,870,000 | 78,375,000 | 68,719,000 |
| Total asset turnover | 1.98 | 1.82 | 1.88 | 1.61 | 1.62 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $163,071,000K ÷ $82,445,000K
= 1.98
The total asset turnover ratio for Centene Corp has shown a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio stood at 1.62 in 2020, decreased slightly to 1.61 in 2021, and then exhibited an increasing pattern in the subsequent years.
By December 31, 2022, the total asset turnover ratio had climbed to 1.88, indicating that the company was generating $1.88 in revenue for every dollar of assets held. This positive trend continued into 2023, with a ratio of 1.82, suggesting efficient asset utilization.
Furthermore, by the end of 2024, Centene Corp achieved a total asset turnover ratio of 1.98, reflecting an improvement in the company's ability to generate revenue from its assets. This increase indicates that Centene Corp became more proficient in utilizing its total assets to generate sales revenue effectively. Overall, the upward trend in total asset turnover demonstrates an enhancement in Centene Corp's operational efficiency and asset utilization over the five-year period.
Peer comparison
Dec 31, 2024