Centene Corp (CNC)
Total asset 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 |
| Total assets | US$ in thousands | 84,641,000 | 84,381,000 | 82,853,000 | 82,982,000 | 76,870,000 | 81,172,000 | 81,060,000 | 82,901,000 | 78,375,000 | 77,743,000 | 71,539,000 | 70,285,000 | 68,719,000 | 68,364,000 | 68,347,000 | 66,431,000 | 40,994,000 | 34,252,000 | 34,368,000 | 33,569,000 |
| Total asset turnover | 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 | 1.82 | 2.11 | 2.02 | 1.95 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $153,999,000K ÷ $84,641,000K
= 1.82
Based on the data provided, Centene Corp.'s total asset turnover has shown some fluctuations over the past eight quarters. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets.
For Q4 2023, the total asset turnover ratio was 1.82, indicating that Centene Corp. generated $1.82 in revenue for every dollar of total assets. This is a relatively high ratio, suggesting that the company is effectively utilizing its assets to generate sales.
Comparing this with the previous quarters, we observe some variations in the total asset turnover ratio. The ratio has ranged between 1.61 and 1.88 over the past eight quarters, with the highest turnover in Q4 2022 and the lowest turnover in Q1 2022.
Overall, the trend in Centene Corp.'s total asset turnover ratio has shown some variability but generally indicates efficient asset utilization. It is essential for the company to continue monitoring and managing its asset turnover to ensure optimal utilization of resources and sustained revenue generation.
Peer comparison
Dec 31, 2023