Centene Corp (CNC)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 163,071,000 | 161,726,000 | 157,745,000 | 155,517,000 | 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 |
| Total assets | US$ in thousands | 82,445,000 | 82,351,000 | 83,137,000 | 82,624,000 | 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 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $163,071,000K ÷ $82,445,000K
= 1.98
Centene Corp's total asset turnover has shown a generally increasing trend over the past few years, starting at 1.24 in March 2020 and reaching 1.98 by December 2024. This indicates that the company has been able to generate more revenue relative to its total assets, reflecting an efficient utilization of its assets to generate sales. The improvement in total asset turnover over time suggests that Centene Corp has been effectively managing its assets to drive revenue growth and potentially improve overall profitability. However, fluctuations in the ratio over specific periods should be further analyzed to understand the underlying reasons driving the changes in asset efficiency.
Peer comparison
Dec 31, 2024