Centene Corp (CNC)

Return on assets (ROA)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income US$ in thousands 3,305,000 2,702,000 1,202,000 1,347,000 1,808,000
Total assets US$ in thousands 82,445,000 84,641,000 76,870,000 78,375,000 68,719,000
ROA 4.01% 3.19% 1.56% 1.72% 2.63%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $3,305,000K ÷ $82,445,000K
= 4.01%

The return on assets (ROA) of Centene Corp has shown fluctuations over the years.

- In December 31, 2020, the ROA was at 2.63%, indicating that the company generated $2.63 in net income for every $100 of assets it possessed.
- The ROA decreased to 1.72% by December 31, 2021, potentially reflecting challenges in efficiently utilizing its assets to generate profits.
- In the following year, by December 31, 2022, the ROA declined further to 1.56%, suggesting potential inefficiencies in asset utilization or declining profitability.
- However, in December 31, 2023, the ROA saw a significant improvement, reaching 3.19%, indicating that the company had been able to generate more profit relative to its assets.
- By the end of December 31, 2024, the ROA further increased to 4.01%, signaling a notable improvement in the company's ability to generate profits from its assets.

Overall, the ROA trend of Centene Corp reflects varying levels of efficiency in utilizing its assets to generate profits, with the most recent data showing a significant improvement in profitability relative to its asset base.