Centene Corp (CNC)

Return on assets (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
Net income (ttm) US$ in thousands 3,305,000 3,067,000 2,823,000 2,735,000 2,702,000 2,438,000 2,707,000 1,478,000 1,197,000 2,015,000 1,861,000 1,497,000 1,347,000 736,000 720,000 2,461,000 1,808,000 2,029,000 1,556,000 845,000
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
ROA 4.01% 3.72% 3.40% 3.31% 3.19% 2.89% 3.27% 1.78% 1.56% 2.48% 2.30% 1.81% 1.72% 0.95% 1.01% 3.50% 2.63% 2.97% 2.28% 1.27%

December 31, 2024 calculation

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

Centene Corp's Return on Assets (ROA) has shown fluctuations over the periods analyzed. The ROA ranged from a low of 0.95% in September 30, 2021, to a high of 4.01% in December 31, 2024. Generally, the ROA trended upwards from 1.27% in March 31, 2020, to 4.01% in December 31, 2024, indicating an improvement in the company's ability to generate profits relative to its total assets.

It is important to note that the highest ROA was achieved in the last quarter of 2024, suggesting a potentially positive outlook for Centene Corp's profitability and operational efficiency. However, the ROA experienced some fluctuations throughout the periods, indicating potential shifts in the company's performance and efficiency in utilizing its assets to generate earnings.

Overall, a rising trend in ROA is a positive indicator, reflecting Centene Corp's ability to generate more profit per dollar of assets employed. Investors and stakeholders may view this positively as it signifies improved efficiency and profitability for the company.