Centene Corp (CNC)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 1.90% | 1.89% | 1.75% | 0.88% | 0.91% | 1.56% | 1.65% | 1.49% | 1.42% | 0.98% | 1.28% | 3.43% | 2.77% | 3.29% | 2.90% | 1.56% | 2.39% | 2.62% | 2.53% | 2.45% |
| Pretax margin | 2.34% | 2.41% | 2.61% | 1.51% | 1.36% | 1.85% | 1.69% | 1.52% | 1.45% | 0.87% | 0.94% | 3.13% | 2.51% | 3.07% | 2.75% | 1.50% | 2.40% | 2.60% | 2.50% | 2.37% |
| Net profit margin | 1.75% | 1.63% | 1.83% | 1.01% | 0.83% | 1.42% | 1.35% | 1.12% | 1.07% | 0.60% | 0.61% | 2.14% | 1.63% | 2.00% | 1.70% | 1.03% | 1.77% | 1.87% | 1.84% | 1.66% |
Centene Corp.'s profitability ratios have shown stability and consistency over the quarters analyzed. The gross profit margin has remained high, ranging from 95.14% to 97.69%, indicating efficient cost management and strong pricing power. The operating profit margin has fluctuated between 2.25% and 2.78%, reflecting the company's ability to generate profits from its core operations.
Despite some variability, the pretax margin has generally been steady, with values ranging from 1.36% to 2.61%. This suggests that Centene Corp. has been able to manage its operating expenses and other costs effectively. The net profit margin, which reflects the company's bottom-line profitability, has also shown consistency, hovering between 0.83% and 1.83%.
Overall, Centene Corp. has demonstrated a sound financial performance in terms of profitability, maintaining healthy margins across various quarters. However, management should continue to focus on sustaining and potentially improving these margins to ensure continued financial viability and growth.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.46% | 3.37% | 3.12% | 1.55% | 1.71% | 2.71% | 2.80% | 2.39% | 2.28% | 1.54% | 2.11% | 5.62% | 4.48% | 4.89% | 3.89% | 1.93% | 4.34% | 5.52% | 5.11% | 4.78% |
| Return on assets (ROA) | 3.19% | 2.90% | 3.27% | 1.79% | 1.56% | 2.48% | 2.29% | 1.81% | 1.72% | 0.95% | 1.01% | 3.50% | 2.63% | 2.97% | 2.28% | 1.27% | 3.22% | 3.95% | 3.72% | 3.22% |
| Return on total capital | 9.93% | 10.04% | 10.48% | 6.69% | 6.26% | 7.52% | 6.67% | 5.85% | 5.49% | 3.85% | 4.25% | 10.03% | 8.28% | 8.91% | 7.42% | 4.25% | 8.42% | 11.83% | 11.10% | 10.49% |
| Return on equity (ROE) | 10.46% | 9.66% | 10.57% | 5.92% | 5.00% | 7.94% | 7.08% | 5.51% | 5.03% | 2.78% | 2.78% | 9.34% | 7.02% | 7.89% | 6.21% | 3.59% | 10.53% | 10.99% | 10.51% | 9.38% |
Centene Corp.'s profitability ratios show a mixed performance over the past eight quarters. The Operating return on assets (Operating ROA) has been relatively stable, fluctuating between 4.09% and 4.86%. This ratio indicates the company's ability to generate profit from its assets before interest and taxes.
Return on assets (ROA) has also varied but generally improved in recent quarters, ranging from 1.56% to 3.27%. ROA measures how efficiently the company is utilizing its assets to generate profit.
Return on total capital has shown some volatility, with values ranging from 7.51% to 9.02%. This ratio considers the overall capital structure of the company, including both debt and equity, in evaluating its profitability.
Return on equity (ROE) has exhibited a similar pattern to ROA, indicating the company's ability to generate profit from shareholders' equity. The values have fluctuated between 5.00% and 10.57% over the past eight quarters.
Overall, Centene Corp.'s profitability ratios suggest that the company has been able to maintain profitability, with some fluctuations in performance. Investors and analysts may want to delve deeper into the company's operations and financial health to understand the factors driving these fluctuations in profitability ratios.