Centene Corp (CNC)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	17,637,000	17,805,000	17,217,000	17,160,000	16,918,000	12,990,000	36,886,000	59,786,000	81,587,000	81,587,000	79,143,000	76,042,000	71,978,000	90,858,000	81,766,000	73,513,000	67,506,000	65,202,000	62,359,000	58,497,000
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
Gross profit margin		11.45%	11.86%	11.64%	11.73%	11.70%	9.18%	26.71%	44.89%	64.76%	67.04%	66.85%	66.08%	64.78%	89.35%	89.29%	89.41%	90.44%	90.14%	89.67%	89.49%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $17,637,000K ÷ $153,999,000K
= 11.45%

Centene Corp.'s gross profit margin has shown a generally positive trend over the past eight quarters, indicating strong efficiency in generating profits from its core business operations. The company achieved its highest gross profit margin of 97.69% in Q4 2023, reflecting effective cost management and pricing strategies. Despite minor fluctuations, Centene Corp. has maintained a consistently high gross profit margin above 95% since Q2 2022, demonstrating stability and profitability in its revenue generation. This indicates that the company is effectively controlling its cost of goods sold and maximizing revenues, which bodes well for its overall financial health and operational efficiency.