Centene Corp (CNC)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,175,000 | 2,806,000 | 2,876,000 | 2,818,000 | 2,930,000 | 3,421,000 | 3,451,000 | 3,601,000 | 3,636,000 | 3,942,000 | 3,722,000 | 1,983,000 | 1,784,000 | 1,196,000 | 1,512,000 | 3,948,000 | 3,082,000 | 3,344,000 | 2,659,000 | 1,284,000 |
| 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 |
| Operating ROA | 3.85% | 3.41% | 3.46% | 3.41% | 3.46% | 4.05% | 4.17% | 4.34% | 4.73% | 4.86% | 4.59% | 2.39% | 2.28% | 1.54% | 2.11% | 5.62% | 4.48% | 4.89% | 3.89% | 1.93% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,175,000K ÷ $82,445,000K
= 3.85%
The operating return on assets (operating ROA) of Centene Corp has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 1.93% on March 31, 2020, showing a gradual increase reaching a peak of 5.62% on March 31, 2021. However, there was a decrease in the operating ROA in the subsequent quarters before another peak of 4.86% on September 30, 2022.
From December 31, 2022, to December 31, 2024, the operating ROA has ranged between 3.41% and 3.85%, showcasing relative stability compared to the earlier fluctuations. Overall, the operating ROA reflects Centene Corp's ability to generate operating profits from its assets, although there have been periods of both growth and contraction in this metric over the analyzed timeframe.
Peer comparison
Dec 31, 2024