Centene Corp (CNC)
Working capital 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 current assets | US$ in thousands | 37,999,000 | 37,409,000 | 38,406,000 | 38,448,000 | 40,756,000 | 41,405,000 | 34,866,000 | 35,009,000 | 30,128,000 | 33,275,000 | 32,406,000 | 31,110,000 | 28,497,000 | 28,056,000 | 25,464,000 | 24,440,000 | 23,393,000 | 27,275,000 | 26,822,000 | 24,696,000 |
| Total current liabilities | US$ in thousands | 34,261,000 | 34,061,000 | 32,729,000 | 32,784,000 | 36,716,000 | 36,851,000 | 31,306,000 | 32,857,000 | 28,464,000 | 31,330,000 | 29,086,000 | 29,685,000 | 25,765,000 | 25,042,000 | 23,642,000 | 22,279,000 | 21,585,000 | 21,795,000 | 21,918,000 | 21,651,000 |
| 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $163,071,000K ÷ ($37,999,000K – $34,261,000K)
= 43.63
Centene Corp's working capital turnover has shown fluctuations over the period analyzed. The ratio measures how efficiently the company utilizes its working capital to generate sales revenue. A higher turnover indicates that the company is effectively managing its working capital to support its operations.
From March 31, 2020, to June 30, 2021, the working capital turnover increased steadily, peaking at 64.98 on June 30, 2021, reflecting an improvement in Centene Corp's efficiency in utilizing its working capital. However, the ratio declined in the subsequent periods, reaching its lowest point at 27.46 on March 31, 2024.
The significant fluctuations in the working capital turnover may suggest varying levels of efficiency in managing working capital and generating sales during the periods under review. It is important to further investigate the reasons behind these fluctuations to assess the company's financial health and operational efficiency accurately.
Peer comparison
Dec 31, 2024